Monday 17 February 2014

Etihad in the spotlight over Jet deal | GulfNews.com

Etihad in the spotlight over Jet deal | GulfNews.com:



"Etihad Airways has been issued with a ‘please explain’ over its minority acquisition of Jet Airways by the regulator of India’s securities market.



According to a report by Reuters, The Securities and Exchange Board of India (SEBI) issued a show cause notice on Wednesday.



SEBI is questioning if Etihad violated takeover rules when it acquired a 24 per cent stake in Jet Airways last year. It has reportedly asked Etihad why it should not make a tender offer to Jet Airways public shareholders as part of takeover rules. Etihad has 21 days to respond."



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