SBI set to own 15% of Jet Airways: Reports

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money & allow lenders to nominate a director on its board as part of efforts to resolve its financing problems. Jet's lenders could end up owning as much as 30% while its shareholder Etihad Airways could see its stake go up to more than 40%.

from Times of India http://bit.ly/2G97GNi