Jet Airways slips 8% on reports Etihad offers to invest at Rs 150/share

The stock slipped 8 per cent to Rs 270 on Wednesday after the media report suggested that Etihad Airways offers to invest in debt-laden carrier at discounted rate of Rs 150 per share.

Shares of Jet Airways (India) slipped 8 per cent at Rs 270 apiece on BSE in the intra-day trade on Wednesday after the media report suggested Etihad Airways offered to invest in debt-laden carrier at a discounted rate of Rs 150 per share. With today’s fall, the stock has fallen 13 per cent from its Tuesday’s intra-day high of Rs 312 on the BSE.

Etihad Airways has offered to pick up shares of debt-laden Indian carrier Jet Airways at a 49 per cent discount and to immediately release $35 million after certain conditions are met, CNBC-TV18 reported on Wednesday.