Jet Airways shares tank over 23% after stock exchanges announce restrictions - News Summed Up

Jet Airways shares tank over 23% after stock exchanges announce restrictions


MUMBAI: Shares of Jet Airways Thursday cracked over 23 per cent after stock exchanges decided to impose restrictions on its stock trading from June 28. On the NSE, shares plummeted 23.30 per cent to hit a multi-year low of ₹84.60. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb excessive volatility, according to a circular. Cash-starved Jet Airways suspended operations in April and lenders are working on ways for revival of the airline. There are restrictions in trading of shares that are under Trade for Trade Segment.


Source: Mint June 13, 2019 07:07 UTC



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