Investors Continue to Dump Jet Airways Shares; Further Tank 15%

Investors Continue to Dump Jet Airways Shares; Further Tank 15%
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– Jet Airways stock tumbled nearly 15 per cent on Tuesday after State Bank of India (SBI)-led consortium of lenders decided to send the grounded airline to the NCLT

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– The scrip fell for the 12th consecutive day and plunged 14.93 per cent to a multi-year low of Rs 58.10 on the BSE

– At the NSE, shares plummeted 14.98 per cent to a multi-year low of Rs 58.15

– In 12 trading days, the scrip has plunged over 61 per cent

– Harried bankers Monday decided against an outright sale of Jet Airways to the lone bidder, and instead voted to send it for bankruptcy to recover their Rs 8,000 crore dues

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