Millennium Post

FinMin to decide on Jet-Etihad, Telenor FDI plans tomorrow

 The Finance Ministry on Tuesday will take a call on the Rs 2,000 crore Jet-Etihad deal --the largest foreign investment in the Indian aviation sector -- and the FDI proposal of Norway's Telenor, among others.

The Foreign Investment Promotion Board, headed by Economic Affairs Secretary Arvind Mayaram, will also take up 28 other FDI proposals including that of Multi Commodity Exchange. While Jet Airways plans to sell 24 per cent stake to Abu Dhabi-based Etihad for about Rs 2,058 crore, Telenor is seeking government approval to hike stake by 25 per cent in its domestic subsidiary Telewings to 74 per cent.
Next Story
Share it