Jet Airways’ promoters are likely to sell further 1.54% stake in order to comply with SEBI norms to meet minimum 25% public shareholding norm. SEBI has relaxed the conditions for undertaking the sale through OFS route. On May 30, 2013, the entity offered to sell nearly 4.3 million shares via Offer-for-sale (OFS) mechanism and got bids for around 30 lakh scrips accounting for 3.5% stake in the company.
The company has reported a net loss of Rs 495.53 crore for the quarter ended March 31, 2013 as compared to a net loss of Rs 298.12 crore for the same quarter in the previous year. However, total income from operations has decreased by 2.95% at Rs 3921.92 crore for quarter under review as compared Rs 4041.16 crore for the quarter ended March 31, 2012.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 5125.55 |
| SpiceJet | 11.18 |
| Raymond | 595.40 |
| Global Vectra Helico | 157.00 |
| Taneja Aerospace | 288.30 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: