Live
- Water security biggest challenge of 21stC : PM
- 32 survive Kazakhstan air crash
- CM Revanth for CWC meet in Belagavi today
- Rich tributes paid to former PM Vajpayee
- Priority to Christian Dalits and tribals in housing scheme: CM Revanth
- 3-day ‘Kuchipudi Pataka Swarnotsavalu’ to begin tomorrow
- Vajpayee hailed for introducing several admin reforms
- YSRCP ‘Porubata’ against power tariff hike tomorrow
- Rama Sena leader Kambala joins BJP
- Now, cattle to be issued Aadhaar ID
Jet Airways shares tumble 10 per cent
Highlights
Jet Airways' lenders said they were reasonably hopeful of a successful bidding process for a stake sale.
New Delhi: Shares of Jet Airways plunged 10 per cent in opening trade on Thursday, a day after the ailing airline shuttered its operations temporarily.
On the BSE, the scrip hit the lower circuit of Rs 217.70, a fall of 10 per cent compared to the previous closing level.
Similar trend was witnessed on the NSE too, where the share crashed to hit the lower price band of Rs 216.45.
With lenders deciding not to extend any emergency funds, Jet Airways on Wednesday announced temporary suspension of operations.
Meanwhile, in a statement early on Thursday, Jet Airways' lenders said they were reasonably hopeful of a successful bidding process for stake sale.
The announcement came early morning ahead of market opening.
Next Story
ADVERTISEMENT
