India: Jet Airways may raise $560m via rights issue if Etihad open offer fails

Photo: Bloomberg

Jet Airways (India) Ltd may consider raising ₹4,000 crore through a rights issue if the Securities and Exchange Board of India (Sebi) denies an exemption to Abu Dhabi-based Etihad Airways PJSC from making an open offer in lieu of raising its stake in the cash-strapped carrier, said two people with direct knowledge of the matter requesting anonymity.

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