India has so far not received a formal proposal from Etihad for investing in Jet Airways, trade minister Anand Sharma told reporters on Thursday.
Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.
"We have not received any formal proposal, so far," Sharma said on the deal.
An official at India's trade ministry had said in January that Etihad would soon apply to India's foreign investment approval authority for investing in Jet.
Jet Airways stock price
On November 27, 2015, Jet Airways closed at Rs 505.80, up Rs 0.40, or 0.08 percent. The 52-week high of the share was Rs 543.50 and the 52-week low was Rs 248.50.
The latest book value of the company is Rs -387.83 per share. At current value, the price-to-book value of the company was -1.30.
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