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Darwin Group, SBI Caps discuss unsolicited bid for Jet Airways

Darwin Platform Group of Companies claims it has investments across various sectors including hospitality, oil and gas and realty, among others. The company had submitted its bid on May 8

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Top management of lesser-known Darwin Group, which was one of the unsolicited bidders for Jet Airways, met officials of SBI Caps on Wednesday to discuss its proposal. According to Rahul Ganpule, CEO, "Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the cash strapped airline.

Darwin Platform Group of Companies claims it has investments across various sectors including hospitality, oil and gas and realty, among others. Ganpule said the company had submitted its bid on May 8. "They (SBI Caps) had called us. We wanted to understand the liability and assets of Jet Airways," Rahul addded. The consortium of SBI-led seven lenders, which owns 51 per cent in the airline, has offered to sell up to 75 per cent stake in the airline, which stopped flying around mid last month. The ailing carrier owes over Rs 8,000 crore to the lenders. SBI Caps had early last month invited expressions of interest between April 8 and 12, on behalf of the lenders to sell their stake in the carrier.

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