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Jet Airways shares pare gains after rising 1%

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Jet Airways share price: Jet Airways shares pare gains after rising 1% - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsDID YOU KNOWUnleash the power of SIP - Invest in Mutual fundsReturns1M 6M 1Y 3Y 15.28% PortfolioLoadingSelect Portfolio and Asset Combination for Display on Market BandShow More Download ET MARKETS APP Get ET Markets in your own languageDOWNLOAD THE APP NOWCHOOSE LANGUAGEENGENG - EnglishHIN - हिन्दीGUJ - ગુજરાતીMAR - मराठीBEN - বাংলা KAN - ಕನ್ನಡORI - ଓଡିଆTEL - తెలుగుTAM - தமிழ்ET NOW RADIOET NOWTIMES NOWAccording to reports, five companies have expressed interest in picking up stakes in the airline.

ETMarkets.com|Apr 11, 2019, 10.31 AM ISTReutersAn ET report suggested that five companies have submitted expressions of interest (Eo-Is) in picking up stakes in Jet Airways that have been put on sale by lenders as part of a rescue plan.

NEW DELHI: Shares of Jet Airways (India) climbed 1 per cent in morning trade on Thursday after reports emerged that five companies have expressed interest in picking up stakes in the airline.

However, the stock failed to hold altitude and traded with a nominal gain of 0.17 per cent at Rs 263.85 apiece around 9:45 am.

An ET report suggested that five companies have submitted expressions of interest (Eo-Is) in picking up stakes in Jet Airways that have been put on sale by lenders as part of a rescue plan.

However, the lenders have extended the Wednesday deadline by two days, in the hope that Etihad Airways, which hasn’t submitted an EoI, will show interest.

Lenders led by State Bank of India have been trying to persuade Etihad, which owns 24 per cent of Jet, to increase its investment to help revive the carrier.

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