Two independent directors of Jet Airways, Ashok Chawla and Sharad Sharma, resign
Mumbai: Jet Airways saw one of the worst days of its trading history on Tuesday as investors distanced themselves from the grounded airline after its lenders decided to initiate bankruptcy proceedings to recover dues.
Jet scrip hit its lowest point ever of ₹32.25 per share on Thursday, falling over 50 per cent before closing slightly higher at ₹40.45 apiece, down 40 per cent.
The company also informed about the resignation of two independent directors — Ashok Chawla and Sharad Sharma — in another sign that the chances of its revival were remote.
