It's all over the news and Mr T. is saying he will not elaborate till the deal is signed.
Structure seems like follows
100 crs cash to wadia (that is 400 pilots bond money at 25L a piece)
400 crs debt to be assumed by paramount
Wadias to hold 7% of new venture which will be named Go "to hell" Paramount!
one wonders what will happen of the 2 aircraft impounded by the HC for unpaid dues to the tune of $1.2 million????
http://www.pprune.org/south-asia-far...-aircraft.html
Edited for typo error.