(Bloomberg) — The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter.The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline, signaling its intent to make a formal offer, the people said, asking not to be identified as the discussions are private. Hinduja is seeking a partner to bid, one of the people said.Shares of Jet Airways jumped as much as 6.9% in early Tuesday trading in Mumbai. The stock has plunged almost 90% this …read more
Source:: Yahoo Finance
