Jet Airways shares tank 6% in early trade on bourses
Concerns that its stake-sale deal with Abu Dhabi-based carrier Etihad may be delayed affected the trade
Press Trust of India Mumbai Shares of Jet Airways fell by nearly 6% today amid concerns that its stake-sale deal with Abu Dhabi-based carrier Etihad may be delayed.
After making a weak opening, the stock further lost 5.59% to Rs 472.05 as the trade progressed on the BSE.
At NSE, the stock plunged 5.75% to Rs 472.
The company lost Rs 128 crore from its market worth that fell to Rs 4,189 crore from Rs 4,317 crore in the previous trading session.
According to a media report, stake sale to Abu Dhabi's Etihad Airways could be delayed until at least August.
Etihad is reported to be buying 24% equity in Jet Airways for about Rs 1,800 crore.
In the stock market, the BSE benchmark Sensex was trading at 18,516.76, up 102.31 points.