Jet Airways CEO Naresh Goyal thanked the Indian government for making the deal possible.
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Mr. Goyal currently holds around 80% of Jet Airways through his ownership in Tail Winds Ltd.
Guest post by Nikhil Goyal, recently named to FORBES 30 Under 30 in Education.
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Both options will end up with Mr. Goyal holding a 51% stake in Jet Airways, and Etihad holding about 24 %, he added.
Both options would end up with Mr. Goyal holding a 51% stake in Jet Airways, and Etihad holding about 24 %, the person added.
As Bajrang Lal Goyal, a trader who joined the Rajdhani exchange 40 years ago, points out, India's winter crop is just days away from hitting the market.
Mr. Goyal will have a majority stake in the new entity, and continue to indirectly own 51% of Jet Airways, the person familiar with the discussions said.
MUMBAI--Indian billionaire Naresh Goyal will initiate a complex transaction this week or early next week to sell around 24% in India's leading carrier Jet Airways (India) Ltd.
Mr. Goyal will have a majority stake in the new entity, and continue to indirectly own 51% of Jet Airways, the person familiar with the deal discussion said.
The multi-part transaction being discussed for Jet Airways' sale to Etihad will first involve the transfer of all of Mr. Goyal's Tail Winds shares to a new company.
Patriarchy causes problems, too: Mr Goyal says his manpower woes would be over if he could hire more women, but Rajasthani females are discouraged from working outside the home.
In exchange for the Dell non-materials, Tortora admitted to arranging to pay Goyal through a phoney research consulting arrangement one of the hedge funds made with Goyal and another individual.
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If that happens, Mr. Goyal will need to take approval from the Securities and Exchange Board of India, the country's capital markets regulator, for transferring his shares from Tail Winds.
"Our team is now reviewing seven times more accounts overall each week" versus the same week last year, said Ms. Patel Goyal, in a February blog post on Etsy's company blog.
Goyal, as you said, the -- we know that hiring is going to take place in a lot of different firms when it comes back, but the primary job creator is small business.
If that happens, Mr. Goyal will need to get the approval of the Securities and Exchange Board of India, the country's capital markets regulator, in order to transfer his shares from Tail Winds.
Along with Goyal, hedge fund investment analysts Jesse Tortora and Spyridon Adondakis also pleaded guilty, U.S. Attorney for the Southern District of New York Preet Bharara said in a press release on Wednesday.
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An alternative being considered for structuring the deal would be for Mr. Goyal to transfer a part of the 80% stake held in Tail Winds directly to Etihad, the person familiar with the deal discussions said.
Another alternative that is being considered for structuring the deal, is for Mr. Goyal to transfer a part of the 80% stake held in Tail Winds directly to Etihad, the person familiar with the deal discussions said.
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