Jet Airways India gets 12 week cool off period for Minimum Public Shareholding

Securities and Exchange Board of India has vide its letter dated May 13, 2013 have permitted the Company and relaxed the requirement of 12 week cool off period after the proposed inter se transfer of shares to enable the Company to undertake the Offer for Sale through Stock Exchange Mechanism ("OFS") for the purpose of achieving the minimum level of public shareholding as required under the Securities Contracts Regulations, 1957.

Shares of Jet Airways (India) Ltd was last trading in BSE at Rs.580.95, up by Rs.6.80 or 1.18%. The stock hit an intraday high of Rs.590.15 and low of Rs.577.45.

The total traded quantity was 2.55 lakhs compared to 2 week average of 2.47 lakhs.

Source : Equity Bulls

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