Naveen Jindal, the promoter of Jindal Steel and Power, is understood to have put in an expression of interest (EoI) to buy insolvent airline Go First, multiple highly placed sources close to the development told ET. The Wadia family-owned Go First is India’s first commercial carrier to have voluntarily sought bankruptcy protection.
The EoI has been submitted by unlisted Jindal Power, which is owned by Worldone Pvt Ltd, a closely held company of Naveen Jindal.
Green foray
It is not clear whether the company is looking to acquire the airline outright or come in as a strategic investor, the sources cited above said.
There were two other bidders for the airline, officials said, but they did not meet the eligibility criteria set out by the cred…
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