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Jet Airways shares plunge over 8 pc;

Press Trust of India  |  New Delhi 

Shares of (India) Limited plummeted over 8 per cent Monday amid continued uncertainty over bidders.

The scrip tumbled 8.14 per cent to close at Rs 139.45 on the BSE. During the day, it plunged 11 per cent to Rs 135.05.

On the NSE, shares tanked 8.40 per cent to close at Rs 139.

On the traded volume front, 17.31 lakh shares were traded on the BSE and over one crore shares changed hands on the NSE during the day.

said a buyout offer from Middle Eastern carrier was non-binding and might not guarantee a deal for the struggling Indian carrier.

stopped operations on April 17 due to acute financial distress.

The State Bank of India-led consortium of lenders to Friday said it has received bids from and from a few unsolicited parties to acquire stake in the grounded

In a filing to the stock exchanges, Jet Airways Monday said it has received notice from the in respect of non-payment of provident fund dues for March 2019.

The company officials are engaged with the authority to address the matter, it added.

"... we are informed that communication has been received by and they are appropriately responding to the same," the said with regard to reports that the is probing investment in Jet Privilege.

Jet Privilege is the airline's loyalty programme.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 21:16 IST
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