So finally jet and sahara merge
Ending months of acrimony and legal disputes, Jet Airways today struck a deal to buy out Air Sahara for Rs 1,450 crore after clearance by a three-member arbitration panel.
“They (Jet and Sahara) have signed an agreement by which Jet takes over all the shares of Sahara for a price of Rs 1450 crores. Rs 500 crore was already paid, Rs 400 crore on or before April 20; the balance in equal annual instalments, payable from March 31, 2008, 2009, 2010, 2011, which will be interest-free. These are the important parts of the transaction, and we have informed the stock exchange,” Jet’s counsel, Harish Salve announced before the eager media today.
For more details click here
Today we had posted a post regarding the Jet-Sahara meger and advice for the investors.Check it out here
“They (Jet and Sahara) have signed an agreement by which Jet takes over all the shares of Sahara for a price of Rs 1450 crores. Rs 500 crore was already paid, Rs 400 crore on or before April 20; the balance in equal annual instalments, payable from March 31, 2008, 2009, 2010, 2011, which will be interest-free. These are the important parts of the transaction, and we have informed the stock exchange,” Jet’s counsel, Harish Salve announced before the eager media today.
For more details click here
Today we had posted a post regarding the Jet-Sahara meger and advice for the investors.Check it out here
Labels: Jet airways, Jet Sahara merger
posted by SY at 5:20 PM
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