Jet Airways slips 3% on buzz Etihad may not make open offer

Shares of Jet Airways on Monday fell about three per cent, amid reports Etihad Airways might not have to make an open offer for the airline, as the Securities and Exchange Board of India is likely to rule in favour of the Abu Dhabi-based company. The company scrip ended the day 2.75 per cent lower at Rs 273.80 on the BSE. During the day, the stock lost 4.4 per cent to Rs 269.15. At the NSE, the scrip fell 2.72 per cent to close the day at Rs 274.