BSE, NSE to shift Jet Airways’ stock to trade-for-trade segment

Shares of Jet Airways (India) would be shifted to the trade-for-trade segment from June 29 by the BSE and the National Stock Exchange. Under this category, delivery of shares is compulsory.

Shares of Jet Airways are currently available for trading in the futures and options segment of the exchanges. In compliance with the provisions of SEBI, the stock would be excluded from the F&O segment from June 28. Accordingly, no contracts would be available for trading in Jet Airways from June 28, said a statement from both the exchanges.

“Exchanges have been seeking clarification from the company in the recent past with respect to various rumours floating in the market. However, the company has failed to provide prompt responses and the responses received are not clear and satisfactory,” the release added.