SEBI to further probe Jet-Etihad deal, Abu Dhabi carrier officials may be called - The Economic Times:
"In further regulatory turbulence for Rs 2,060 crore Jet-Etihad deal, capital market regulator Sebi has initiated fresh proceedings against the Abu Dhabi carrier, whose officials may be called for personal hearing next month to explain their stance.
Etihad, which has purchased 24 per cent stake in Jet Airways, has rejected any obligation to make an open offer for minority shareholders, but Sebi is not yet convinced with its justification for the same, sources said.
Etihad officials will be called for a personal hearing early next month to explain its position and why action should not be taken against the carrier for not making an open offer as it is getting joint control and substantial rights in running Naresh goyal-led Indian airline, sources said.
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