The Rs.2,060-crore Jet Airways-Etihad deal has run into more regulatory problems with Etihad rejecting any perceived obligation to make an open offer for minority shareholders of Jet Airways. Etihad has confirmed to the Securities and Exchange Board of India (Sebi) that it has not made any violations by not making an open offer, even so, Sebi regulators are now seeking further clarity on the issue from other agencies including the Aviation Ministry, Competition Commission of India (CCI) and the finance ministry. The deal had to be restructured last year to address concerns raised by Sebi and the CCI, after which

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