Jet Airways hits lower circuit as Anil Agarwal’s family trust withdraws EOI
Shares of Jet AirwaysNSE -4.90 % hit lower circuit on Tuesday after Volcan Investments, the investment company of VedantaNSE -1.31 % Chairman Anil Agarwal, on Monday said it will not pursue the Expression of Interest (EoI) submitted for the debt-ridden airline.
The scrip declined 4.91 per cent to Rs 44.55, while the benchmark BSE Sensex was down 140 points, or 0.37 per cent, at 37,444 at around 10.30 am (IST).
“The EoI for Jet Airways by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further,” Agarwal said in a statement.
