Jet Airways Chairman Naresh Goyal today picked up over 29 per cent stake in the private carrier from another promoter entity for about Rs 1,434 crore.
The shares were purchased from Tail Winds Ltd, a company incorporated in the Isle of Mann and wholly owned by Goyal.
According to information available with the stock exchanges, Goyal purchased 2.51 crore shares, amounting to 29.13 per cent stake, of Jet Airways in his personal capacity.