Jet Airways shares bounce back; zoom 19%
Business | June 20, 2019 12:08 ISTDespite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE.
Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE.
The scrip continued to face heavy selling pressure and tanked 28.18 per cent to an all-time low of Rs 29.05 on the BSE.
The lenders will now approach the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) to recover their dues of about Rs 8,500 crore.
New Delhi: Jet Airways shares today fell as much as 5.1 per cent after domestic rating agency Icra downgraded its debt rating. Icra had lowered the Jet Airways' rating after the airline failed to meet loan
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