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%.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2G97GNi
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