Mumbai: Jet Airways India is mulling to divest 10 per cent stake of the company in favour of foreign institutional investors and private equity players. The stake sale will be carried out prior to the rights issue of equity shares via which the company plans to mop up about $400 million. The rights share issue will be unveiled when market conditions are more favourable. In January, Jet Airways'' board authorised the management to raise up to $800 million via qualified institutional placement and other modes, including the $400 million rights share issue.
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