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9-Mar-2010 10:19 AM

Jet Airways to stall fund raising through qualified institutional placement

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).