Shares of Jet Airways Monday rose over 3 per cent after State Bank of India (SBI) invited bids from strategic as well as financial bidders for stake sale in the ailing firm.
The scrip gained 3.14 per cent to close at Rs 264.10 on the BSE. During the day, it jumped 5.38 per cent to Rs 269.85.
On the National Stock Exchange (NSE), shares went up by 3.18 per cent to close at Rs 264.25 apiece.
On the traded volume front, 18 lakh shares were traded on the BSE and over one crore shares on the NSE during the day.
SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for “change in control and management” of the carrier, according to a public notice.