Jet Airways falls 6% after clarification on Tata investment

InterGlobe Aviation, was down 4% to Rs 799, extending its 4% decline in past two days after the rating agency ICRA downgraded the long-term rating on the company's loan facilities.

Shares of Jet Airways (India) slipped 6.5% to Rs 219 per share on the BSE in intra-day trade after the company said that the news report of Tata Group being in talks to buy a majority stake in the airline is speculative in nature.

“The news is speculative in nature and that there is no discussion or decision in the Board which would require the disclosure,” Jet Airways said in a regulatory. The airline made the clarification on news report that Tata Group is in talks to buy a majority stake in debt-laden Jet Airways.

It is, however, unable