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Jet Airways to stall fund raising through qualified institutional placement

9-Mar-2010 10:19 AM

Jet Airways reportedly announced it would not proceed with its USD200 million fund raising proposal through qualified institutional placement (QIP) before the end of FY2009/10, ending 31-Mar-2010, as the proposal would dilute Chairman, Naresh Goyal’s stake in the carrier (The Economic Times, 09-Mar-2010).