Because of the financial constraints, the hopes of a Jet Airways airline, which was temporarily closed In fact, Britain’s Hinduja Group expressed the desire to invest in Jet Airways. Since this news, Jet Airways has seen a great deal in its stock.
In the past two days, the company’s share has registered an increase of more than 20 percent. On Tuesday, Jet’s stock closed at around 150.75, up 15% on the Bombay Stock Exchange. At the same time, the NSE stood at Rs 148.40 with a rise of 12.94 percent.
During the initial trading on the Bombay Stock Exchange, during the business turnover of Jet Airways, the share of Jet Airways came to 144 points. The highest level of the company’s stock was 164. However, around 1 a.m., Jet Airways was trading at a level of Rs 161. Let us tell you that earlier this month, Jet Airways had broken down to 120 points.
Recently, the group led by Britain’s richest brother Hinduja has shown interest in investing in Jet Airways. Hinduja Group said that he is looking for opportunities in Jet Airways. In such a situation, speculation has been begun to buy a large stake in Hinduja Group’s Jet Airways. Let us tell you Jet Airways has a 24 percent stake in Etihad, the Gulf country’s airline, and is the second-largest shareholder in the company.
At present, there is a loan of about Rs 8,500 crore on Jet Airways. This airline company is headed by the State Bank of India led by the group of banks. Jet Airways to be auctioned for the recovery of this loan. A short list of private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways was made to participate in this auction. These companies presented their Expression of Interest (EOI) but only on 10th May, Etihad offered their tender.