SBI set to own 15% of Jet Airways after debt for equity swap: Reports

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money & allow lenders to nominate a director on its board as part of efforts to resolve its financing problems. Jet's lenders could end up owning as much as 30% while its shareholder Etihad Airways could see its stake go up to more than 40%.

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