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Jet Airways shares tank 19 pc amid reports of temporary shut down of ops

Press Trust of India  |  Mumbai 

Shares of plunged nearly 19 per cent Tuesday amid reports that the company is likely to temporarily shut down its operations.

The scrip which had opened the day on a weak note further plummeted 18.56 per cent to Rs 213.20 on BSE during the afternoon trade.

At NSE, shares cracked 18.53 per cent to Rs 213.20.

The BSE has sought clarification from (India) Ltd with reference to that it is likely to temporarily shut down its operations.

is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations.

Civil Minister has called for a review of issues related to struggling Jet Airways, including rising fares and flight cancellations.

Prabhu has also asked Civil Secretary to take necessary steps to protect the rights and safety of passengers.

On Monday, lenders did not take a final decision on providing emergency funds to the

The airline's board is meeting in on Tuesday.

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

First Published: Tue, April 16 2019. 14:05 IST