Ending months of acrimony and legal disputes, Jet Airways on Thursday struck a deal to buy out Air Sahara for Rs 1,450 crore (Rs 14.50 billion).

While Jet Airways chairman Naresh Goyal said this price represents a 40 per cent discount to the originally agreed price, the shareholders have raised a stink, as they are not likely to benefit much because of the lower price.

Is Jet-Sahara deal good for you?

Jet Airways founder and chairman Naresh Goyal addresses the media after he struck the deal to buy Air Sahara. The takeover will be India's largest private airline merger.

Photograph: Sajjad Hussain/AFP/Getty Images