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SEBI clears Jet IPO

MUMBAI, FEB. 3. The Securities and Exchange Board of India has cleared the initial public offer of Jet Airways.

"We have forwarded our final observations to the airline and they have to come out with an IPO within three months,'' a SEBI official said here today. The Naresh Goyal-promoted airline is to offer 20 per cent of the fully diluted equity capital through a multi-crore IPO. — PTI

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