Tata Group, one of the largest Indian multinational conglomerate has been in talks with Jet Airways to buy a major stake in the company, media reported on Thursday.
According to reports, Tata Group has sought management control with 26 per cent of the initial purchase of stake and 26 per cent via an open letter offer.
Jet Airways is going through a bad face as its financials are not in a good shape amid the rising oil prices and a depreciating rupee.
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JAVED SAIFI | October 18 , 2018