Jet Airways Founder agrees to sell controlling stake: Report
Shares of Jet Airways rose as much as 9% on Wednesday following reports that Founder and Chairman Naresh Goyal has agreed to sell his controlling stake. Goyal, however, laid out certain conditions, including retaining a minority stake of less than 5% and a board seat in the Mumbai-based carrier, reports added. Goyal currently owns a 51% stake in the airline.