the shareholders’ agreement and submitted the same to the FIPB on July 26. “Sebi has told the finance ministry that Jet and Etihad have addressed the market regulator’s concerns on effective control; so that matter has been resolved,” said the finance ministry official quoted above. “There are also no issues regarding the NRI ownership in the airline in the form of Naresh Goyal. Revenue department officials were also present at the meeting on Monday.”
Jet’s shares, which had rallied 25% over the last two trading sessions on the BSE, closed 4.22% higher on Monday at Rs 412.20.