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Jet Airways India Ltd Approves Issue And Allotment Of 27,263,372 Equity Shares


Wednesday, 20 Nov 2013 03:39am EST 

Jet Airways India Ltd announced that the Board of Directors of the Company at its Meeting held on November 20, 2013 approved the issue and allotment of 27,263,372 Equity Shares of the face value of INR 10 each at a price of INR 754.7361607 per share (including a premium of INR 744.7361607 per share of the Company to Etihad on a preferential basis in terms of the Investment Agreement entered between Etihad and the Company on April 24, 2013 and amendments thereto and pursuant to the approval of the Shareholders on May 24, 2013 by way of special resolution for an aggregate amount of INR20.576652711 (INR 20,576,652,711.02) and in accordance with the applicable law, regulations and approvals.