The Rs 2,060-crore stake buy deal between Abu-Dhabi-based carrier Etihad and Indian carrier Jet Airways has hit a fresh roadblock as stock market watchdog Sebi has sought more clarity on the open offer for minority shareholders of the Naresh Goyal-led full service carrier.
According to reports, Etihad has rejected any obligation to make an open offer for minority shareholders of Jet Airways. The Abu-Dhabi based carrier has also informed SEBI that it has not violated any securities law.
SEBI is said to have sought clarity from other agencies including Competition Commission of India, Finance Ministry and Aviation Ministry among other departments.
Full report here New Indian Express