Through OFS route, the company will offer shares at a fixed price directly to pubic in May, add sources in the know. Read This: Jet-Etihad Airways deal may be delayed until August
Jet Airways' chairman Naresh Goyal needs to bring down promoter holdings to 75 percent as per Sebi guidelines. Goyal holds closes to 80 percent in Jet through Tail Winds.
Around four investment bankers are currently working on the OFS issue which is likely to hit the market in May. The pricing of the same could be at a premium to the current price and is roughly valued at around Rs 260 crore.
It is also learnt that promoters may dilute around 6-8 percent via OFS issue.
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