Cent Stake: Cent and Rights Issue

cent stake: Two new financial investors may be roped in as minority shareholders to bolster the rights issue, according to The Independent. Post this exercise, the lenders will hold about 30 per cent stake in Jet Airways. Under this plan, the lenders are hoping to raise 5,135 crore through a rights issue at 150 per share. The two new investors will hold 19.9 per cent and 24.6 per cent, respectively, according to a source close to the development. An independent trust managed by lender-appointed trustees will hold 14.9 per cent, and the balance 10.7 per cent will be with the public. Both Naresh Goyal and Etihad will completely exit the company. (news.financializer.com). As reported in the news.