Jet Airways stock spikes 42% in four sessions as deal talks with Tatas draw closer
Updated : November 16, 2018 02:07 PM IST
Jet Airways shares have gained over 42 percent in the last four days.
Tata Sons chairman N Chandrasekaran is pitching for the acquisition of cash-strapped Jet Airways, even as Chairman Emeritus Ratan Tata has reservations about the proposed deal, multiple sources told CNBC-TV18.
The government is also keen to see Jet-Tata deal go through as it doesn't want another full service carrier to face bankruptcy.