Rofr

The Debt Recovery Tribunal here has reserved its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.

Foreign reinsurance cos seek IRDAI help over new guidelines

Foreign players, who are not happy with new reinsurance guidelines, believe that Right of First Refusal clause applicable to Indian insurance companies will be detrimental to foreign investor sentiments.

Etihad mulls revision of Jet agreement

Etihad Airways is likely to revise its agreement in its Rs 2,058 crore deal with Jet Airways. The reworked arrangement will then be submitted to Indian regulatory authorities by the end of July.

Jet-Etihad deal revived; differences may be ironed out

It looks like the Jet-Etihad deal is finally approaching closure after months of going back and forth. Both Jet and Etihad have finally agreed on several sticky issues of board and management control, and are working on ironing out remaining differences.

Jet-Etihad deal hits roadbloack, no compromise seen

The Jet-Etihad deal has hit an air pocket as neither Jet nor Etihad are willing to compromise on their stance, reports CNBC-TV18‘s Kritika Saxena quoting sources.

Jet Airways falls 5% on concerns over Etihad deal

Jet Airways, the largest private airline company in India by market share, fell more than 5 percent in early trade on Friday as sources said the deal between company and Etihad could be in jeopardy due to Etihad's insistence on a right of first refusal.

Jet Airways keen to make management position for Etihad

Sources suggest that Jet Airways has agreed to create management positions for Etihad. Till yesterday, both sides were keen that this deal goes through, but that sticky right of first refusal (RoFR) clause needed to be dealt with. CNBC-TV18‘s Kritika Saxena reports.

Etihad seeks RoFR to acquire Jet's promoter stake

Etihad has completed the due diligence of the proposed deal with Jet Airways. The Abu Dhabi based carrier has sough a right of first refusal agreement (RoFR) in the deal to buy out promoter stake at a later date, reports, reports CNBC-TV18's Kritika Saxena.

Finance Ministry to finalize AI's turnaround strategy

The fund-strapped Maharaja may get relieved soon, reports CNBC-TV18’s Aakansha Sethi. Sources indicate that the Finance Ministry is finalizing its views on the Air India's turnaround plan.

SEBI kills ROFRs, Call & Put Options?

Hello and welcome to The Firm. Let’s start with the new twist to a very old controversy. Are ROFRs or pre-emption rights and call and put options legally valid? Now, after several conflicting High Court judgments, market regulator SEBI has, for the first time, taken a stance and a surprising one at that!