Goyal not to bring down holding below 51%: Jet Airways

Written by | January 14, 2015 | 0

New Delhi: Private carrier Jet Airways today said its promoter and chairman Naresh Goyal will not dilute his equity stake in the airline below 51 per cent at anytime — a comment that comes a day after the disclosure about encumbrance of his entire holding.

In a statement the airline said that the undertaking given to PNB is “an undertaking of non-disposal of any further equity and not a matter of pledging of his shares”.

“Jet Airways would like to categorically state, for thebenefit of all its stakeholders, that the undertaking given to PNB implies that the airline’s promoter and chairman will not dilute his equity, by way of a sale, below 51 per cent at any time, and will continue to be the majority shareholder in the airline,” it said.

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