Shares of Jet AirwaysNSE 2.84 % rose as much as 4.8 per cent to Rs 255, the highest in over a month after a report said the debt-laden carrier has secured a loan of Rs 2,050 crore ($293.07 million) from Punjab National BankNSE 1.73 %.
The airline has raised foreign currency term loans worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from Punjab National Bank (PNB), according to copies of loan documents reviewed by Indian daily Mint.
Jet and PNB did not immediately respond to a request for comment.
