New Delhi, Jan 30 : Seventeen years after he had to buy back a 40 per cent stake in Jet Airways from Gulf carriers when FDI was disallowed, Naresh Goyal is set to become the first beneficiary now that FDI has been opened up again.
Sources said Abu Dhabi airline Etihad will pick up 24 per cent stake in Jet for around $330 million.
The deal values Jet at Rs 7,562 crore, a substantial premium over its market capitalization of almost Rs 5,100 crore on Tuesday.
An Etihad team will meet civil aviation minister Ajit Singh and commerce minister Anand Sharma on Thursday to apprise them of the decision before announcing it.
