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

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.