Jet Airways (India) is currently trading at Rs 286.00, up by 4.40 points or 1.56% from its previous closing of Rs. 281.60 on the BSE.
The scrip opened at Rs 284.00 and has touched a high and low of Rs 289.30 and Rs 284.00 respectively. So far 84964 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 543.50 on 02-Feb-2015 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 305.00 and Rs 270.35 respectively. The current market cap of the company is Rs 3255.13 crore.
The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 17.22% and 31.78% respectively.
Jet Airways is planning to raise $400 million through non-convertible debentures (NCDs) or bonds to fund expansion. In this regard, the company has already received its shareholders’ approval. An extra-ordinary general body meeting to approve the plan was held last month.
Jet Airways founder-promoter Naresh Goyal owns 51 percent in the airline. In 2013, Etihad picked up a 24 percent stake in Jet investing $379 million (Rs 2,057 crore). Etihad had also purchased 50.5 percent in Jet’s frequent-flyer programme for $150 million, as part of its investment commitment in Jet.
Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.
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