Talks to buy Jet Airways preliminary, no proposal yet: Tata Sons
Tata Sons on Friday said that it is in preliminary talks with Jet Airways but has not made a proposal to acquire a stake. Reports have said that the government sought Tata Sons' help to rescue the cash-strapped airline. Shares of Jet Airways rose 8% to close at a near 5-month high on Friday, ahead of Tata's statement.