Go First To Stay Grounded? Jindal Power Backs Out Of Takeover Bid

2023 • 4min • News • Business


Published On: November 22, 2023 - Jindal Power will not proceed with its bid to take over Go First. The company made the decision to not follow through after evaluating the airline's financial statements. Earlier, Jindal Power's expression of interest (EoI) was accepted by Go First's creditors. The news came yesterday, on Nov 21, when the deadline to submit the final bid for the airline was scheduled to end. Join News9’s Shweta Kothari and Kartik Malhotra for more on this story.