Jet-Etihad deal hits Sebi, DIPP roadblocks

Ahead of the Foreign Investment Promotion Board’s (FIPB’s) meeting on Monday to discuss the Rs 2,060-crore Jet-Etihad deal, the proposed agreement has run into rough weather. This time, the Department of Industrial Policy & Promotion (DIPP), as well as the Securities & Exchange Board of India (Sebi) have raised concerns on effective control being given to the Abu Dhabi-based airline.

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