Sebi takes fresh look at Jet-Etihad deal

The capital market regulator,  Securities and Exchange Board of India (Sebi), is taking a fresh look at the Rs 2,060-crore Jet-Etihad Airways deal.

Abu Dhabi-based Etihad’s acquisition of 24 per cent stake in Naresh Goyal-led Jet Airways, the first foreign direct investment (FDI) in an Indian carrier by a foreign airline, was announced in April 2013 and approved by Sebi last year.

Sources said Sebi was looking afresh at the deal after the CCI made observations regarding control over Jet Airways. The CCI, while giving its green signal to the transaction in November, had said there were no anti-competitive concerns.

Full report here Business Standard 


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