Jet Airways hits upper circuit on report Hinduja Group may bid for airline

Last week, Jet Airways had informed the exchanges that the had CoC passed the resolution to issue fresh invitation of Expression of Interest.

Shares of Jet Airways were locked in the upper circuit limit of 5 per cent at Rs 29.6 on the BSE on Tuesday amid reports that Hinduja Group is preparing a bid to buy the grounded carrier. 

The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the January 15 deadline, signaling its intent to make a formal offer, Bloomberg reported quoting unnamed sources. Hinduja is seeking a partner to bid, the report added. READ MORE

The Group had considered bidding for Jet Airways in partnership with Etihad, but