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Jet Airways shares fall 10 percent
Shares of Jet Airways plunged 10 per cent in opening trade Thursday, a day after the ailing airline shuttered its operations temporarily. On the BSE, the scrip hit the lower circuit of ₹217.70, a fall of 10 per cent compared to the previous closing level.
Updated on: Apr 18, 2019, 10:10:53 IST
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Shares of Jet Airways plunged 10 per cent in opening trade Thursday, a day after the ailing airline shuttered its operations temporarily.
On the BSE, the scrip hit the lower circuit of ₹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 ₹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 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.
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