Jet Airways’ 5% stake pledged with SBICap Trustees: Media reports

Meanwhile, the company in its filing to the exchanges informed that Rajshree Pathy has submitted her resignation as an Independent Director of the company.

Apr 15, 2019 04:04 IST India Infoline News Service

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Jet Airways’ ~5% stake has been pledged with SBICap Trustee Company, a PTI report said.

As per Media report, the lenders have taken control of the debt-ridden airline company. Further, ~5.19% stake of the airline were pledged with SBICap Trustee Company on April 11.

A media report also added that founder of the airline company Naresh Goyal has pledged 26% stake in the ailing airline as security for loans from Punjab National Bank.

Meanwhile, the company in its filing to the exchanges informed that Rajshree Pathy has submitted her resignation as an Independent Director of the company with effect from April 13, 2019, owing to time constraints on account of her other current commitments.

Jet Airways (India) Ltd's share price is currently trading at Rs259.70, down by Rs0.75 or 0.29%, from its previous close of Rs260.45 on the BSE.
The scrip opened at Rs258 and has touched a high and low of Rs263.20 and Rs258, respectively. So far, 19,20,257 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs2,958.71cr.

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