Jet Airways shares soar 15% after Hinduja Group says it is evaluating opportunity to invest in the airline

Jet Airways shares have ended in the green for the second session in a row on the bourses

Press Trust of India May 21, 2019 18:58:32 IST
Jet Airways shares soar 15% after Hinduja Group says it is evaluating opportunity to invest in the airline
  • The airline's scrip jumped 14.73 percent to close at Rs 150.75 on the BSE

  • On the NSE, the stock ended at Rs 148.40, gaining 12.94 percent, over the previous close

  • Shares of SpiceJet shed 2.24 percent to end the day at Rs 126.65 apiece on the BSE. The scrip is not listed on the NSE

New Delhi: Shares of grounded Jet Airways surged nearly 15 percent on Tuesday after diversified Hinduja Group said it is evaluating the opportunity to invest in the airline.

The airline's scrip jumped 14.73 percent to close at Rs 150.75 on the BSE.

On the NSE, the stock ended at Rs 148.40, gaining 12.94 percent, over the previous close. After opening at Rs 135 a unit, its shares touched an intra-day high of Rs 154.80.

Jet Airways shares soar 15 after Hinduja Group says it is evaluating opportunity to invest in the airline

Representational image. Reuters.

Its shares have ended in the green for the second session in a row on the bourses.

On the BSE, its intra-day high was marked at 153.85.

"Hinduja Group is evaluating the Jet Airways opportunity," the group said in a statement on Tuesday.

The grounded carrier shuttered its operations on 17 April and the lenders, led by SBI, are still scouting for investors to revive the airline, which has a debt burden of more than Rs 8,000 crore.

Shares of SpiceJet shed 2.24 percent to end the day at Rs 126.65 apiece on the BSE. The scrip is not listed on the NSE.

InterGlobe Aviation, the parent of IndiGo, rose 1.31 percent to close at Rs 1,475.90 on the BSE. It gained 1.86 percent to close at Rs 1,482 on the NSE.

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