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Jet Airways India Ltd Announces Change In Ownership As Tail Winds Transfers Shares To Naresh Goyal-Business Standard

Thursday, 23 May 2013 10:51am EDT 

Business Standard reported that Jet Airways India Ltd has kickstarted the process for change in ownership structure of the airline. On May 23, 2013, Tail Winds Ltd which controls 79.99% in the airline sold 25.1 million shares to company chairman Naresh Goyal at INR570 per share in a deal valuing INR14330 billion. Tail Winds which is 100% owned by Goyal is registered in Isle of Man and holds 69 million shares in Jet Airways. As per the plans Tail Winds entire share holding will be transferred to Goyal and a few more transactions could take place to complete the process.