Our Bureau

Mumbai, Feb. 3

THE Securities and Exchange Board of India has cleared the initial public offering of Jet Airways.

The airline had earlier filed a draft prospectus with the capital market regulator announcing that it plans to offer 20 per cent of its fully diluted paid-up equity capital amounting to 1.72 crore shares of Rs 10 each through a book-building route.

Of the total offer, the company is making a fresh issue of 1.42 crore shares and the remaining 30 lakh shares are an offer for sale by Tail Winds Ltd.

The lead book running managers for the issue are Deutsche Equities India, HSBC Securities and Capital Markets (India), UBS Securities India, Citigroup Global Markets India, DSP Merrill Lynch and Kotak Mahindra Capital Company.

(This article was published in the Business Line print edition dated February 4, 2005)
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