SEBI Says It Received No Reference To Relax Rules In Jet Airways Matter
The livery of an aircraft operated by Jet Airways India (Photographer: Dhiraj Singh/Bloomberg)

SEBI Says It Received No Reference To Relax Rules In Jet Airways Matter

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The markets regulator said it has not received any reference on relaxation in rules regarding Jet Airways (India) Ltd.

The Securities and Exchange Board of India’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges.

Also read: How Much Will An Etihad Stake Increase Help Jet Airways?

In its brief statement issued in the afternoon, SEBI referred to reports about certain relaxations of regulations with respect to Jet Airways. The regulator, however, did not elaborate.

“It is hereby clarified that SEBI has neither received any reference in this regard from any quarter nor has it expressed any views in the matter,” the statement said.

Also read: Naresh Goyal, Etihad Clash Over Resolution Plan For Jet Airways

Shares of Jet Airways rose nearly 3 percent on the BSE at around 1:30 p.m.

Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad, which holds 24 percent stake in the airline. According to reports, Etihad has sought various relaxations, including exemption from possible open offer in case it infuses more funds into Jet Airways.

Also read: Hurdles That May Prevent Etihad From Playing White Knight For Jet Airways

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