Jet Airways shares hit upper circuit. Here’s why

Shares of Jet Airways NSE 4.98 % scaled upper circuit on Thursday after reports that London-based asset management company Kalrock Capital and UAE investor Murari Lal Jalan have been chosen as the new owners of the bankrupt airline.

The scrip climbed 4.89 per cent to Rs 30.05 on the BSE, while the benchmark BSE Sensex traded 1.12 per cent higher at 40,324.

“Our consortium was chosen by the committee of creditors in a meeting,” Igor Starha, managing partner at Kalrock told ET on the phone.

ET couldn’t confirm it separately with Jet’s lenders.