Commodities

Hinduja Group evaluating bid for India's Jet Airways

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Reuters
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Credit: REUTERS/Francis Mascarenhas

Indian conglomerate Hinduja Group said on Tuesday it is evaluating a possible bid for debt-laden Jet Airways Ltd.

BENGALURU, May 21 (Reuters) - Indian conglomerate Hinduja Group said on Tuesday it is evaluating a possible bid for debt-laden Jet Airways Ltd JET.NS.

The company was responding to a Reuters request for comment after the Economic Times newspaper said the group would start the process of bidding this week.

(Reporting by Chandini Monnappa in Bengaluru; Editing by James Emmanuel)

((chandini.m@thomsonreuters.com; +91-82-6749-7919; Reuters Messaging: chandini.m.thomsonreuters.com@reuters.net))

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