Shares of Jet Airways (India) slipped 15 per cent to Rs 93 apiece during the morning deals on Thursday to hit a fresh lifetime low on the BSE and National Stock Exchange (NSE). The fall comes on the back of the exchanges’ decision to switch deals on the stock to ‘trade-to-trade’ segment with effect from June 28, 2019 till further notice. Under this category, delivery of shares is compulsory.
Trading of the stock in the futures and options (F&O) segment of the exchanges will be also removed.
“In compliance with the provisions of market regulator, Securities Exchange Board of India (SEBI), the airline’s stock has been excluded from the Futures and Options segment… and no contracts shall be available for trading in the above mentioned security with effect from June 28, 2019,” a statement from both the exchanges read.
