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Over 5 pc stake of Jet Airways pledged with SBICap Trustee: Filing

Press Trust of India  |  New Delhi 

More than 5 per cent stake of cash-strapped has been pledged with SBICap Trustee Company, according to a regulatory filing.

Lenders have taken control of the full service carrier, which has a debt burden of more than Rs 8,000 crore.

As per the filing made on Friday, 5.19 per cent stake or 58,95,704 shares of the were pledged with on April 11.

The disclosure by SBICap Trustee was submitted by to the BSE.

Specific details about the pledging of shares could not be immediately ascertained.

founder has pledged 26 per cent stake in the ailing as security for loans from Punjab National Bank, a regulatory filing said on Thursday.

Last month, Goyal and his wife quit the board of the as part of a debt resolution plan.

Shares of Jet Airways closed flat at Rs 260.45 on the BSE.

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

First Published: Fri, April 12 2019. 19:50 IST