Jet Airways decided to abandon its plan to raise US$200mn by selling shares to overseas investors in the current financial year, according to reports.
The carrier will decide on fund-raising plan in the fiscal year starting in April, report added.
Shares of Jet Airways have declined by 2% to Rs496. The scrip opened at Rs507 it touched an intra-day high of Rs510 and a low of Rs495 and has recorded volumes of over 0.2mn shares on NSE.