In April2013 Etihad had announced its decision to purchase 24 %
stake in Jet Airways for Rs 2,058 crore. On June 13,2013 the Foreign
Investment Promotion Board (FIPB) deferred a decision on the deal,
saying it required more clarity on control and ownership structure of
Jet Airways. Jet Airways chairman Naresh Goyal owns a 51 % stake
in the airline
The
objections to the deal,
first raised by a Parliamentary Standing Committee headed by CPM MP
Sitaram Yechury, and then by senior MPs, Jaswant Singh and TMC's Dinesh Trivedi and Janata Party chief Subramanian Swamy who shot off letters to Prime Minister Manmohan Singh
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