The Economic Times, 12 Nov 2008, Mithun Roy
MUMBAI: JET Airways (India), the country’s largest private airline, is learnt to be in advanced negotiations to sell 10% stake to the Singapore government-owned Temasek Holdings. Sources close to the development said, Jet is planning to raise around Rs 250 crore from the stake sale. At this price, the valuation of the company is pegged at Rs 2,500 crore, which is 53% higher than the market capitalisation of the company.
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