Jet Airways (India) was down 9.9% to Rs 112.80 at 15:09 IST on the BSE on reports Hinduja group and Etihad Airways PJSC might not proceed ahead with the plan to revive the company.
Meanwhile, the S&P BSE Sensex was up by 163.43 points, or 0.41% to 39,947.95
On the BSE, 17 lakh shares were traded in the counter so far compared with average daily volumes of 7.47 lakh shares in the past two weeks. The stock had hit a high of Rs 116.70 so far during the day. The stock has hit a 52-week low of Rs 107.15 in intraday trade today, 11 June 2019. It hit a 52-week high of Rs 410 on 11 June 2018.
As per reports, Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways (India), dealing a severe blow to efforts aimed at rescuing the debt-laden that has suspended flights for nearly two months.
Jet Airways (India) is an Indian international airline based in Mumbai.
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