Naresh Goyal Steps Down From Jet Airways Board

Jet Airways Founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline. With this, Naresh Goyal ceases to be Chairman. Another director Kevin Knight has also resigned. The board has accepted their resignations.

The board also approved the issue of 11.4 crore equity shares to the lenders upon conversion of Re 1 of the outstanding debt. Lenders will infuse up to Rs 1,500 crore via debt instruments.

Source- The Hindu

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