April 28, 2024 18:06 (IST)
Follow us:
Jet Airways denies rise in Etihad stake as reported in its letter to BSE
Mumbai, Feb 19 (IBNS) Jet Airways, in its reply to a clarification sought by the Bombay Stock Exchange (BSE), on Friday said that the news that 'Etihad is set to raise its stake in Jet Airways to 49% from 24%' as published in a newspaper is a rumour and no such move is under contemplation.
Earlier on Friday, Jet Airways shares rose as much as 5 per cent, according to media reports.
The BSE had sought a clarification from the airlines regarding the news and the upward movement of the share price.
Jet Airways, in its reply, denied the news, saying, "news item is a rumour and is speculative in nature and no such move is under contemplation. Clarification to this effect has already been provided to Financial Express and the same has since been reported by them."
In its reply, the airlines also said, "The Company has been following a consistent corporate governance policy of disclosing all events and information that have bearing on the operation/performance of the Company pursuant to decisions taken by the Board of Directors of the Company from time to time but refrain from commenting on any such news items, to avoid any speculative activity."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Goa Shipyard Limited signs MoU with Netherlands-based Damen Shipyards in field of e-Tugs Sun, Apr 28 2024
After postponing visit to India, Tesla CEO Elon Musk heads to China Sun, Apr 28 2024
AdaniConneX sets benchmark with construction financing framework of USD 1.44 billion Sun, Apr 28 2024
India’s export of premium-quality basmati rice up 22% till Feb 2024 Sat, Apr 27 2024
Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI Sat, Apr 27 2024
Difference Between Demat and Trading Account Fri, Apr 26 2024
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr Fri, Apr 26 2024
Stock market opens in green with Nifty near 22,600 Fri, Apr 26 2024