The National Stock Exchange (NSE) has sought clarification from Jet Airways asking whether the airline’s management had sought extension from its audit committee or the committee did not recommend the financial result to the board.
The exchange has asked the Naresh Goyal-led airline to provide the date when the meeting, to consider the financial result, will be held.
The stock exchange further sought clarification from Jet Airways after media reports suggested on August 13 that the airline was planning to raise $400 million from stake sale to private equities (PEs).
Reports suggested that audit firm BSR & Co, an affiliate of KPMG India, was considering to resign from the account if the issue is not resolved soon.
13/08/18 Saurabh Sinha/Times of India
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The exchange has asked the Naresh Goyal-led airline to provide the date when the meeting, to consider the financial result, will be held.
The stock exchange further sought clarification from Jet Airways after media reports suggested on August 13 that the airline was planning to raise $400 million from stake sale to private equities (PEs).
Reports suggested that audit firm BSR & Co, an affiliate of KPMG India, was considering to resign from the account if the issue is not resolved soon.
13/08/18 Saurabh Sinha/Times of India
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