Hinduja Group evaluating opportunity to invest in debt-ridden Jet airways

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Diversified Hinduja Group is evaluating opportunity to invest in Jet Airways, which has been grounded for more than a month now.

Lenders to the full service carrier, which temporarily shuttered operations on April 17 as it ran out of cash, are looking for possible suitors.

While the SBI-led lenders' consortium is still working on ways to revive the once-storied Jet Airways, the civil aviation ministry has already awarded the carrier's slots at various airports to other airlines on a temporary basis.

"Hinduja Group is evaluating the Jet Airways opportunity," the group said in a statement on Tuesday.

The group has interests in automotive, information technology, infrastructure project, power, real estate, healthcare and other areas. It employs more than 1,50,000 people, as per its website.