Markets

Jet Airways shares plunge nearly 15%

New Delhi: Shares of Jet Airways Tuesday plummeted nearly 15 per cent amid reports that the Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline.

The scrip tumbled 14.41 per cent to Rs 107.15 — its 52- week low — on the BSE.

At NSE, shares plunged 14.82 per cent to hit one-year low of Rs 106.30.

According to a media report, Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways.

Meanwhile, in a major setback to the lenders' revival/sale plan of the grounded Jet Airways, two operational creditors — Shaman Wheels and Gaggar Enterprises– Monday moved the NCLT seeking bankruptcy proceedings against the airline.

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