Jet Airways slips over 5% after defaulting on debt payments
Updated : March 19, 2019 11:01 AM IST
Shares of Jet Airways plunged 5.01 percent to Rs 228.55 per share on the NSE after it defaulted on payment to its debenture holders (third default) since January.
At 10:30 AM, the stock was down 3.27 percent at Rs 229 per share.
Jet Airways said that the default is on the account of "temporary liquidity constraints".
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