Shares of Jet Airways (India) were up 9 per cent higher at Rs 277 on the BSE in early morning trade on Tuesday after Naresh Goyal, the Promoter and Chairman of Jet Airways, along with his wife, Anita Goyal stepped down from their positions in the board. Etihad Airways nominee Kevin Knight has quit the board too.
With today’s gain, the stock of Jet Airways has rallied 27 per cent in past three trading days from Rs 218 on Wednesday, March 20, 2019. In comparison, the S&P BSE Sensex was down 1.5 per cent during the same period.
The Jet board on Monday decided to allot 114 million shares to the lenders upon the conversion of one rupee of its outstanding Rs 8,000-odd-crore debt.
