Stringent terms by Etihad may put Jet at risk

According to lenders, there have been several examples where an open offer exemption has been given. However, an exemption to Sebi's formula for preferential shares has not taken place. The only exemption is for banks that are converting bad loans to equity to take control of defaulting company.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2W0Zync
via IFTTT