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Jet Airways hits lower circuit for 4th straight day on SFIO probe report

SFIO has been directed to complete the investigation within six months and submit its report to the government, the report said.

Topics
Jet Airways crisis | Buzzing stocks

SI Reporter  |  Mumbai 

Shares of Jet Airways (India) were locked in 5 per cent lower circuit at Rs 60 for the fourth straight day on the BSE on report that the government has ordered Serious Fraud Investigation Office (SFIO) probe against the grounded airline. The BSE, on July 5, sought clarification from Jet Airways with reference to the news.

The airline is yet to reply. In the past four days, the stock has dipped 18 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex. The trading volumes on the counter dropped sharply as the stock shifted to ‘T’ group category from June 29. ...

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First Published: Mon, July 08 2019. 12:02 IST
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