Jet Airways up 15% in two days amid reports Tata Group to buy 51% stake

The stock was up 5% to Rs 264 on the BSE, trading at its highest level since September 19, 2018.

Shares of Jet Airways (India) moved higher by 5% to Rs 264 on Tuesday, extending its Monday’s 10% surge on the BSE, after the media reports suggest that Tata Group is in talks to buy a majority stake in beleaguered carrier and its loyalty programme.

Tata Group aims to buy the 51% stake in the airline owned by Jet Airways founder, Naresh Goyal, and Etihad Airways' 24% stake; the Reuters report suggested. CLICK HERE TO READ FULL REPORT

However, replying to the clarification sought by the BSE with reference to news appeared in www.moneycontrol.com dated November