INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Jet Airways shares surged 9 per cent on NSE in opening deals on Tuesday, a day after founder-chairman Naresh Goyal stepped down
from its board.
With this, the stock is on course to extend its winning streak to the third consecutive session
Goyal exited after a months of tug-of-war with the lenders to the airline as well as investor Etihad Airways, which stemmed from his
reluctance to give up control of the financially battered carrier
His wife Anita Goyal stepped down along with him
Also, Goyal will no longer be the chairman of Jet
At first glance, the market looks confident about the prospects of the company
Sanjiv Bhasin, Executive Vice President of Markets and Corporate Affairs at IIFL Securities, told ET Now that sooner rather than later, a
very wilful suitor will take a stake in Jet and it will be the beginning or end of some of the woes
Shares of the company traded 8.26 per cent up at Rs 275.10 on NSE around 9:25 am
The scrip was leading the pack of most traded stocks on NSE at that time
Meanwhile, State Bank of India (SBI) SBI, the lead banker in the consortium of financiers to the struggling carrier, on Monday drove a
resolution plan where the lenders would own 51 per cent of the company, which would be sold off to prospective investors by June
had to agree to prevent the airline from collapse.
