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
India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers. Full Article