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Jet Airways shares continue to fall; plummet over 7% after company's CFO Amit Agarwal resigns

New Delhi: Shares of Jet Airways on Tuesday plunged over 7 percent, its second day of decline, after the company's deputy chief executive officer and chief financial officer (CFO) Amit Agarwal resigned.

The scrip tanked 7.42 percent to close at Rs 129.10 on the BSE. During the day, it plunged 12.44 percent to Rs 122.10.

 Jet Airways shares continue to fall; plummet over 7% after companys CFO Amit Agarwal resigns

Representational image. Reuters.

On the NSE, shares plummeted 7.33 percent to close at Rs 128.90.

In terms of volume, 22.14 lakh shares were traded on the BSE during the day, while over one crore shares were traded on the NSE.

Shares of Jet Airways had plummeted over 8 percent Monday amid continued uncertainty over bidders.

"We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13," Jet Airways said in a regulatory filing.

The airline ceased operations temporarily around mid-April due to acute liquidity crisis

Most of the airline's board members have also quit in last one month.

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Updated Date: May 14, 2019 17:47:52 IST