IPOs & Markets
Jet Airways currently has about 7,400 employees on its payroll, according to RP Ashish Chhawchharia.
Gangwal says Damodaran’s urgency to call board meet after 27 Aug AGM is ‘perplexing'.
The lenders decided that they would extend the deadline for bids if the airline failed to attract suitors by Saturday.
The move may result in every related party transaction in the company being vetted by independent directors.
The budget airline has weighed the idea of public offering several times before, the last being in 2017.
Ashish Chhawchharia is partner and head of restructuring services at Grant Thornton.
The income tax department is probing possible tax violations by Jet Airways.
No investor will be ready to take on past liabilities if investigations are going on, said sources.
Jet Airways has not flown since 18 April due to funding woes
The national carrier could end up selling less than 10 of the 56 properties that were put up for sale in April.
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