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Jet Airways shares zoom over 16% on resolution plan reports

Press Trust of India  |  New Delhi 

Shares of soared over 16 per cent Monday amid reports of likely finalisation of a resolution plan.

The stock surged 16.13 per cent to close at Rs 294.40 on BSE. Intra-day, it jumped 17.15 per cent to Rs 297.

At NSE, shares of the company zoomed 15.67 per cent to close at Rs 293.40.

On the equity volume front, 35.21 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.

Meanwhile, BSE has sought clarification from on January 14, 2019, with reference to that Jet has rallied on likely finalisation of resolution plan.

As per reports, the resolution plan is likely to be finalised after lender's meet this week.

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

First Published: Mon, January 14 2019. 17:30 IST