REUTERS - India has so far not received a formal proposal from Etihad for investing in Jet Airways(JET.NS), 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 the trade ministry had said in January that Etihad would soon apply to India's foreign investment approval authority for investing in Jet.
Trending On Reuters
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters. Full Article