Shares of Jet Airways today fell nearly 4% in morning trade on bourses after reports surfaced that the Ministry of Corporate Affairs has opened a preliminary inquiry into the carrier.
As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.
In a regulatory filing, however, the company on Tuesday said it “has not received any communication from the Ministry of Corporate Affairs in this regard”.
The shares of the company opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73% over its previous closing price.
Similar movement was seen on NSE as well, where the stock opened at Rs 297.40, then fell to a low of Rs 289.65, down 3.89% over its last close.
Jet Airways is facing financial stress and on August 9 the company held off from announcing the unaudited financial results for the June quarter. Both BSE and NSE have sought an explanation from the company on this.
Meanwhile, a meeting of the board of directors is scheduled to be held on August 27 to consider and approve the unaudited financial results for the first quarter ended June 30.
{{/usCountry}}Meanwhile, a meeting of the board of directors is scheduled to be held on August 27 to consider and approve the unaudited financial results for the first quarter ended June 30.
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