• SENSEX
    NIFTY 50
Aviation

Jet Airways shares fall more than 50% after lenders move NCLT

Updated : June 18, 2019 02:49 PM IST

Shares of cash-strapped Jet Airways slumped over 54 percent intra-day after sources told CNBC TV18 that State Bank of India filed insolvency petition against the airline and proposed Ashish Chhawchharia of advisory firm Grant Thornton as Resolution Professional. 
The SBI also proposed Ashish Chhawchharia of advisory firm Grant Thornton for the vital role of interim resolution professional (RP) for Jet Airways.
The banks had to take the NCLT route after no acceptable offers were received for the beleaguered airlines.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV