Jet Airways shares gain 5% as Hinduja Group likely to bid for the airline
December 31, 2019  12:32
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Jet Airways shares on Tuesday gained five per cent to touch its highest trading permissible limit amid reports that Hinduja Group is preparing a bid to buy the grounded carrier. The scrip jumped 4.96 per cent to Rs 29.60 -- its upper circuit limit --on the BSE. On the NSE, it went up 4.87 per cent to Rs 29.05 - its highest trading permissible limit for the day. As per media reports, the UK-based group plans to submit an expression of interest by the January 15 deadline, signalling its intent to make a formal offer. -- PTI
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