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Jet Airways’ share sale gets subscribed by mere 0.69 times

31 May 2013 Evaluate

Jet Airways’ share sale from its promoters failed to get fully subscribed. The 4.3 million share sale from Jet's founder group company Tail Winds was subscribed by mere 0.69 times as per National Stock Exchange data. The sale was being done to comply with SEBI’s rules that listed private companies must have at least 25% of its shares held by public shareholders as of June 3.

Jet Airways currently operates a fleet of 115 aircraft, which include 10 Boeing 777-300 ER aircraft, 10 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 73 next generation Boeing 737-700/800/900 aircraft, 17 ATR 72-500 and 1 ATR 72-600 turboprop aircraft.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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