Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Home-page / Jet Airways shares zoom 26% amid reports of Tata group buying stake
BackBack

Jet Airways shares zoom 26% amid reports of Tata group buying stake

After a positive opening on the BSE, Jet Airways shares soared 24.52% to close at Rs320.95. During the trading hours, the stock had touched a high of Rs334.9 and a low of Rs264

On the NSE, the shares of airline firm went up by as much as 26.41% to settle at Rs326. Photo: MintPremium
On the NSE, the shares of airline firm went up by as much as 26.41% to settle at Rs326. Photo: Mint

New Delhi: Shares of Jet Airways on Thursday zoomed up to 26% on bourses amid reports that Tata group was in talks to buy a controlling stake in the cash-strapped airline.

After a positive opening on the BSE, shares of the company soared 24.52% to close at Rs320.95. During the trading hours, the stock had touched a high of Rs334.9 and a low of Rs264.

On the NSE, the shares of airline firm went up by as much as 26.41% to settle at Rs326.

The stock has risen in the last four trading sessions gaining over 32% on the bourses.

While the shares of struggling carrier ended on a positive note on Thursday, shares of SpiceJet and InterGlobe Aviation fell by 0.9 and 0.51% respectively, on the BSE.

A section of media reported that Tata group was conducting due diligence of Jet Airways to buy the full-service carrier from its owner, Naresh Goyal.

Jet Airways, however, termed media reports of Tata group carrying out due diligence to acquire the airline as “speculative".

In a response to the clarification sought by the BSE on the news reports, Jet Airways (India) said, “...the subject news is speculative in nature and that there is no discussion or decision in the board which would require a disclosure..."

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Nov 2018, 06:34 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App