New Delhi: The market regulator Securities and Exchange Board of India (SEBI) will issue a fresh order on the Jet-Etihad deal shortly.
“Jet Airways will be given enough opportunity to explain on issues that emerged after the Competition Commission’s order and show cause notice,” a senior SEBI official told Business Line.
The Competition Commission in its order on November 12 had observed that parties (Jet and Etihad) have entered into a composite combination comprising investment agreement, shareholders agreement and the commercial cooperative agreement, with the common/ultimate objective of enhancing their airline business through joint initiatives.
The effect of these agreements including the governance structure envisaged in the, “Combination comprising investment agreements establishes Etihad’s joint control over Jet, more particularly over the assets and operations of Jet.”
19/01/14 Shshir Sinha/Business Line
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“Jet Airways will be given enough opportunity to explain on issues that emerged after the Competition Commission’s order and show cause notice,” a senior SEBI official told Business Line.
The Competition Commission in its order on November 12 had observed that parties (Jet and Etihad) have entered into a composite combination comprising investment agreement, shareholders agreement and the commercial cooperative agreement, with the common/ultimate objective of enhancing their airline business through joint initiatives.
The effect of these agreements including the governance structure envisaged in the, “Combination comprising investment agreements establishes Etihad’s joint control over Jet, more particularly over the assets and operations of Jet.”
19/01/14 Shshir Sinha/Business Line
