Meanwhile, the S&P BSE Sensex was down 50.08 points or 0.26% at 19,390.99
On BSE, 71,000 shares were traded in the counter as against average daily volume of 36.07 lakh shares in the past two weeks.
The stock hit a high of Rs 415.90 and a low of Rs 404.80 so far during the day.
Shares of Jet Airways (India) had tumbled 11.17% to settle at Rs 403.70 on Monday, 10 June 2013 on reports the Foreign Investment Promotion Board (FIPB) will consider various foreign investment proposals including the Jet-Etihad on Tuesday, 11 June 2013. However, reports later said that the FIPB meeting slated for Tuesday has been postponed to Friday principally as the finance minister will not be in the capital.
Jet Airways plans to sell 24% stake to Abu Dhabi-based Etihad for about Rs 2058 crore. Jet Airways (India) and United Arab Emirates (UAE) based Etihad Airways on 24 April 2013 announced that Etihad Airways has agreed to subscribe to 2.72 crore new shares of Jet Airways at a price of Rs 754.74 per share. The value of this equity investment is $379 million and will result in Etihad Airways holding 24% of the enlarged share capital of Jet Airways.
Jet Airways (India) after market hours on Friday, 7 June 2013 said that Mr. Nikos Kardassis, chief executive officer (CEO) of the company has resigned with effect from 5 June 2013. Jet Airways (India) did not give any reason for Kardassis' resignation as CEO of the airline. Capt. Hameed Ali, who is chief operating officer of the company, will be the 'Acting CEO' till the board identifies and appoints a new CEO, Jet Airways (India) said.
Jet Airways (India)'s net loss widened to Rs 495.53 crore in Q4 March 2013, from net loss of Rs 298.12 crore in Q4 March 2012. Net sales declined 0.1% to Rs 3840.27 crore in Q4 March 2013 over Q4 March 2012.
The Jet Airways group currently operates a fleet of 109 wide and narrow-bodied aircraft under the Jet Airways and JetKonnect brands.
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