The Foreign Investment Promotion Board (FIPB) and capital market regulator Securities & Exchange Board of India (SEBI) will have the final say in the Jet-Etihad deal, Civil Aviation Minister Ajit Singh said on Tuesday.

Jet Airways has sold 24 per cent stake to Abu Dhabi-based Etihad Airways for Rs 2,058 crore, subject to regulatory approvals.

Last month, the FIPB postpone its decision on the deal, saying it needed more clarity on ownership structure of Jet Airways after the implementation of the deal.

The deal has also been facing allegations from the main Opposition part BJP, which has alleged that the Congress-led government has tweaked policies to benefit Etihad. The Opposition also alleged that the government's decision to increase the number of seats on Indian flights to Abu Dhabi was taken in haste to benefit Etihad.

BJP MP Nishikant Dubey recently wrote a letter to the Central Vigilance Commission (CVC), asking for a probe into the matter. The CVC has reportedly handed case over to the Central Bureau of Investigation (CBI).

On Tuesday, Mr. Ajit Singh claimed that there was no haste in clearing the bilateral agreement between India and Abu Dhabi, and that the deal would be cleared only after approvals from the FIPB and SEBI.