Jet Airways nearly averted a crisis as its founder Naresh Goyal stepped down from its board on Monday and the debt-laden carrier got a Rs 15-crore funding promise from a consortium of bankers.
Jet Airways has a debt of around Rs 8,000 crore. It has only 38 operational planes left in its fleet of 119 and the pilots, who have not been paid since December, have threatened to go on strike from April 1. The airline has suspended operations on 13 international routes.
A few days ago, Larsen & Toubro, L&T signed a deal to buy a 20.32% stake in Mindtree from VG Siddhartha, owner of the country's largest coffee shop chain, Cafe Coffee Day (CCD, triggering a hostile takeover of the company.
Mindtree's board is now evaluating how it can resist L&T's advances.
Promoters in both these companies are in focus, both for not acting at the opportune time...
What will the fates of the companies they built from the ground up be now?
Tune in to find out....
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