Naresh Goyal ready to sell stake, Jet shares up
Although Mr Goyal has been reluctant to relinquish his controlling stake in the 25-year-old airline.
Bengaluru : Shares of India’s Jet Airways rose sharply on Wednesday following a report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier.
Although Mr Goyal has been reluctant to relinquish his controlling stake in the 25-year-old airline, he is said to have met all three prospective buyers Tata Group, Etihad Airways and a consortium of Air France-KLM and Delta Air Lines, CNBC TV18 reported, citing multiple sources familiar with the matter.
“Goyal has agreed to sell controlling stake in the company to an investor and has communicated the same to three strategic investors they are talking to at this point,” the report quoted the sources as saying.
The report did not say whether a specific buyer was chosen. Shares of Jet Airways, which closed at Ea 308.80, up from Rs 15.25 or 5.2 per cent, hit an intra-day high of Es 319.80 in the BSE.