INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Jet Airways rose 2 per cent on Tuesday morning on reports that Etihad Airways and a new partner will together invest
nearly Rs 4,000 crore to revive beleaguered Jet Airways while founder-promoter Naresh Goyal and his wife would step down from the board and
The scrip hovered at Rs 253.15, up 2.06 per cent at around 09:31 am, while the benchmark BSE Sensex was up 0.80 per cent at 37,350.14
to raise money, according to draft proposals being discussed among key shareholders and the board
"The proposals do not mention the name of the new investor, but it is likely to be National Investment and Infrastructure Fund (NIIF)
Of the total amount, Etihad will put in Rs 750 crore as interim funding," ET reported
Meanwhile, the shares of Jet Airways opened at Rs 253.40 on BSE against its previous closing of Rs 248.05.
