Profit

FIPB defers clearance for Jet Airways' $400 mn QIP

PUBLISHED ON: October 16, 2009 | Duration: 2 min, 29 sec

  
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The Foreign Investment Promotion Board (FIPB) has deferred clearance for Jet Airways' $400 million (about Rs 2000 crore) QIP on request by Civil Aviation ministry. FIPB is the the government arm that clears foreign investment proposals.
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