Jet Airways shares hit 5% upper circuit. Here’s why
“Jalan Kalrock Consortium (JKC), the new proposed promoters of Jet Airways, today completed an additional infusion of Rs 100 crore, reaffirming its unwavering commitment to a successful resurgence of Jet Airways. With this infusion, JKC has now fulfilled its total financial commitment of Rs 350 crore equity as per the court-approved resolution plan, and all commitments by JKC now stand fulfilled to take control of the iconic airline,” Jet Airways said in a statement.
