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Jet Airways Shares Soar After 3-Days Of Losses


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.

Jet Airways Shares Soar After 3-Days Of Losses

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.

Read more about: jet airways debt lenders sbi
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