Live
- Kiran Abbavaram's Hard Work Pays Off: Bunny Vasu Lauds Ka Team at Success Meet
- PM Modi’s welfare schemes transform rural lives in Bokaro, residents share gratitude
- We will ensure Bangladeshi infiltrators are removed from Jharkhand: BJP's Gourav Vallabh
- Hezbollah fires five rockets at central, northern Israel: sources
- HM Amit Shah, Rajnath Singh to address several rallies in Jharkhand tomorrow
- Will not waste single day in getting back what we lost, Omar Abdullah tells Assembly
- PM Modi visits Advani's residence to wish him on birthday, shares special moment
- Sun-Dried Cotton to Be Taken to CCI Purchase Centers, Avoid Middlemen - Collector
- Survey Process Requires Public Cooperation - Collector Badavath Santosh
- Distribution of Maize Seeds to Farmers at Agricultural Research Center
Jet Airways shares plunge nearly 11 per cent
On the traded volume front, 18.10 lakh shares were traded on the BSE and over one crore shares changed hands on the NSE during the day.
NEW DELHI: Shares of Jet Airways Tuesday plummeted nearly 11 per cent amid reports that Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline.
The company's scrip tumbled 10.58 per cent to close at Rs 111.95 on the BSE.
During the day, it plunged 14.41 per cent to Rs 107.15 -- its 52-week low.
On NSE, the stock dropped 10.25 per cent to close at Rs 112.
On the traded volume front, 18.10 lakh shares were traded on the BSE and over one crore shares changed hands on the NSE during the day.
The company's market valuation declined by Rs 150.28 crore to Rs 1,271.72 crore on the BSE.
According to a media report, Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways.
Meanwhile, in a major setback to the lenders' revival/sale plan of the grounded Jet Airways, two operational creditors -- Shaman Wheels and Gaggar Enterprises -- Monday moved the National Company Law Tribunal (NCLT) seeking bankruptcy proceedings against the airline.
The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on June 13 when it will decide on admitting or rejecting the bankruptcy pleas.
Jet Airways owes more than Rs 8,000 crore to an SBI-led consortium of banks which now run the airline.
