Jet Airways shares plummet 41% as company lands in NCLT

| | New Delhi
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Jet Airways shares plummet 41% as company lands in NCLT

Wednesday, 19 June 2019 | PTI | New Delhi

Jet Airways’ shares faced massive drubbing on Tuesday and tumbled nearly 41 per cent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal.

The scrip plummeted 40.78 per cent to close at Rs 40.45 on the BSE. During the day, it tanked 52.78 per cent to hit an all-time low of Rs 32.25.

On the National Stock Exchange (NSE), shares plunged 40.78 per cent to close at Rs 40.50 apiece. During the day, it dropped 53.72 per cent to a record low of Rs 31.65.

This the 12th consecutive trading day fall for Jet Airways and the scrip has plunged over 73 per cent during this time, wiping out Rs 1,253.5 crore from its market valuation, on the BSE.

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