Jet Airways shares fall nearly 5% after shareholders reject results
Shares of shuttered Jet Airways nosedived nearly 5 per cent on Friday after shareholders did not approve the carrier’s financial results for the last two financial years.
The scrip of the airline, which has been undergoing insolvency resolution process for nearly two years, touched its lower price band of Rs 90.25 apiece on the BSE.
It declined nearly 5 per cent to end the day at Rs 90.30 apiece.
On the NSE also, similar trends were witnessed and the airline’s shares dropped nearly 5 per cent to close at Rs 90.70 apiece.
On Friday, the 30-share BSE Sensex closed marginally higher.
Shareholders of the company have rejected approval for its audited standalone financial statements for the financial years ended March 31, 2019 as well as March 31, 2020, according to regulatory filings.
