Jet Airways tumbles nearly 6% as govt proposes to review Etihad deal

Posted By: Religare
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Jet Airways drops 6% as govt proposes to review Etihad deal
Shares of Mumbai-based carrier Jet Airways (India) fell nearly 6 per cent in early trade on Bombay Stock Exchange (BSE) after Prime Minister's Office (PMO) sought clarifications on the proposed Rs 2,058 crore deal with Abu Dhabi-based Etihad Airways.

As per media reports, the PMO has asked the cabinet secretary to submit a report on the security concerns related to the deal. The Cabinet Secretary is likely to hold a meeting on security concerns over Jet-Etihad deal today.

Reacting to news, shares of Naresh Goyal owned company declined as much as 5.88 per cent to trade at Rs 438.00 a piece on the BSE.

In a similar fashion, shares of the company dipped 2.11 per cent to Rs 454.75 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 19,556.72, down 20.67 points or 0.11 per cent at 9:55 hours.

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