The debt laden airline Jet Airways which has halted its operation after a 3-consecutive day of losses has surged as much as 8% in intra-day trade on Thursday.
But some of the early gains have been shed in the later hours of trade. At 12:04 pm, the stock was trading higher by 4.28% higher at Rs. 129 per piece. As per a PTI report, the unsolicited bidders for Jet Airways led by Darwin Group met SBI Caps to discuss its proposal.
The PTI report said that the CEO of the company offered Rs. 14,000 crore to take over the grounded airline.
The consortium of the company's 7 lenders led by SBI has decided to divest a 75% stake in the struggling airline.
The company saw a series of resignation amid crisis at the debt-laden airline.