Etihad Airways PJSC (a company incorporated in United Arab Emirates and its national airline) was acquiring 24% equity interest in Jet Airways (India) Limited and other rights and benefits which the parties had mutually agreed upon by virtue of the shareholder's agreement, cooperation agreement and investor's agreement, valued at Rs. 2060 Crore. Jet and Etihad jointly gave a notice under Section 6(2) to the Commission.