After the FIPB nod, sources tell CNBC-TV18 that market regulator Sebi has also cleared the Jet deal and it is now up to the government to clear it. There have been a lot of speculations going around about whether Jet Airways will have to re-file or submit all the agreements again with Sebi.
Sources say Sebi is satisfied with what Jet has complied with and it is now up to the Cabinet to approve the deal. Also Read: Jet Airways-Etihad Airways accept riders laid by FIPB
Jet Airways on Monday won conditional nod to sell 24 per cent stake to Etihad Airways for Rs 2,058 crore after the Abu Dhabi-based carrier made significant concessions diluting its control.
The conditions include Jet seeking prior Government of India approval for any changes in the Share Holders Agreement (SHA) with Etihad as also for any change in shareholding in the company.
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