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Jet Airways shares zoom over 16% on resolution plan reports

Shares of Jet Airways soared over 16 per cent Monday amid reports of likely finalisation of a resolution plan.

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Shares of Jet Airways soared over 16 per cent Monday amid reports of likely finalisation of a resolution plan.

The stock surged 16.13 per cent to close at Rs 294.40 on BSE. Intra-day, it jumped 17.15 per cent to Rs 297.

At NSE, shares of the company zoomed 15.67 per cent to close at Rs 293.40.

On the equity volume front, 35.21 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.

Meanwhile, BSE has sought clarification from Jet Airways on January 14, 2019, with reference to news that Jet has rallied on likely finalisation of resolution plan.

As per reports, the resolution plan is likely to be finalised after lender's meet this week. 

Etihad Airways could save crisis-hit Jet Airways. According to Zee Media Bureau sources, Etihad Airways may increase its stake to 49% from current 24%. The sources further added that there are huge chances of Naresh Goyal and his wife's shares could witness siginificant reduction. 

Naresh Goyal's son Nivaan Goyal also could be included as Non Executive Director. 

After owning huge stacke, Etihad Airways would hold major say in decision making whereas Nivaan Goyal might not get major or special powers. 

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