Jet Airways (India) Limited has informed the Exchange about Agreements
Awaiting price reaction for this filing.
Jet Airways, which is under liquidation, has executed a Deed of Assignment to transfer its lease and related rights over Office No. 201 on the 2nd Floor of C-68, G-Block, Bandra Kurla Complex, Mumbai (area ~52,202 sq. ft.) to M/s Parthos Properties Private Limited. The consideration is Rs. 370.25 crore, payable under a public auction conducted as per the Insolvency and Bankruptcy Code (IBC) and Liquidation Regulations. The transfer is subject to final approval from the Mumbai Metropolitan Region Development Authority (MMRDA). The buyer is not related to the promoters, group companies, or the company, and no special rights are involved in the deal.
For shareholders, this is another asset monetisation step by the liquidator to recover value for creditors from Jet Airways' remaining assets. With the company under liquidation, the proceeds (subject to MMRDA approval) will be distributed as per the IBC waterfall rather than benefiting equity shareholders, reinforcing the limited recovery outlook for equity holders.