Jet Airways gains on plan to raise long term finance up to $300 million

10 Nov 2014

Jet Airways (India) is currently trading at Rs. 262.80, up by 11.35 points or 4.51% from its previous closing of Rs. 251.45 on the BSE.

The scrip opened at Rs. 261.15 and has touched a high and low of Rs. 267.15 and Rs. 260.50 respectively. So far 1,50,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 354.40 on 13-Nov-2013 and a 52 week low of Rs. 203.50 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 267.15 and Rs. 239.10 respectively. The current market cap of the company is Rs. 2,984.00 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 9.05% and 39.95% respectively.

Jet Airways (India) has received an approval for raising of long term finance in the form of Redeemable Preference Shares and / or Non-Convertible Debentures and/or Loan from Shareholder up to a maximum of $300 million.

The board of directors at their meeting held on November 07, 2014 has approved for the same. The above is however subject to receipt of all regulatory, corporate and such other approvals as may be required.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

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Jet Airways (I) Share Price

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Puchho Befikar
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