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Jet Airways Stock Fall (Crash) News | Stock In News

Shares of Jet Airways increased their defeat target for the fourteenth straight day on Wednesday, led by State Bank of India (SBI) in the Bombay Stock Exchange, with more than 28 percent decline, against the lenders, more than 28 percent. Come to the airline.

Increasing the deficit of its previous session, the share price of Jet Airways on BSE fell to 28.18 percent against Rs 29.05, which was Rs 40.45 on the previous closed BSE. While crossing some of the initial losses, the stock closed at 18.17 percent at 33.10 rupees.

A day after Jet shares closed the highest 53 percent decline, which fell 41 percent to close at Rs 40.45 per piece, the lenders decided to recover dues of Rs 8,500 crore to the sick airline in the bankruptcy court. Uniform sale to single bidders.

Also Read: Jet Airways dropped property worth Rs 9,430 crore in 18 months

The price of the airline's stock has been sold for the last 13 days, which is more than 76 percent during that period. In the last three days, only the stock has exceeded 51 percent. With Wednesday's fall, Jet Airways shares fell by 97 percent on March 14, 2005, from their initial public issue price of Rs 1,100.

Jet Airways, the first private airline to be listed on the National Stock Exchange (NSE), collected about Rs 1,900 crore from the IPO, while its issue was subscribed 16 times. Shortly after listing in Borrowers, Jet Airways touched its all-time high price of Rs 1,379 on April 26, 2005.

SBI, along with 26 other banks on Monday, unanimously decided to initiate bankruptcy proceedings against cash-strapped airlines. A day later, lenders filed a bankruptcy petition against the debt-laden airline in the National Company Law Tribunal (NCLT), Mumbai. The Mumbai bench of NCLT said on Wednesday that he will hear SBI's bankruptcy petition against Jet Airways on June 20.

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