Jalan Kalrock Consortium proposes to take ownership of Jet Airways

Jalan Kalrock Consortium (JKC), the new proposed promoters of Jet Airways, today completed an additional infusion of 100 crores INR, reaffirming its unwavering commitment to a successful resurgence of Jet Airways. With this infusion, JKC has now fulfilled its total financial commitment of INR 350 crore equity as per the court-approved resolution plan, and all commitments by JKC now stand fulfilled to take control of the iconic airline.

The consortium's strategy to revive the airline remains unaltered. The new promoters are determined to re-establish the operations of the airline up and running in 2024. Further announcements regarding the launch date of Jet Airways will now be made in the coming weeks.

Shares of JET AIRWAYS (INDIA) LTD. was last trading in BSE at Rs. 55.91 as compared to the previous close of Rs. 53.25. The total number of shares traded during the day was 142274 in over 284 trades.

The stock hit an intraday high of Rs. 55.91 and intraday low of 53.00. The net turnover during the day was Rs. 7931938.00.

Source : Equity Bulls

Keywords

JETAIRWAYSINDIA INE802G01018 JalanKalrockConsortium