Jet airways hike 3 pc on fund raising plan

Mumbai, Aug 27: A day after Jet airways announced that it will increase USD 400 million through a share sale to foreign institutions, the company on Aug 27 soared up over 3 per cent in early trade on fund raising plan.

Shares of the private air-carrier climbed 3.34 percent to an early high of Rs 807.10 on the Bombay Stock Exchange (BSE).

The scrip saw a similar move on the National Stock Exchange (NSE) and gained 3.59 per cent to trade at Rs 807 in morning trade.

Meanwhile, the broader gauge sensex was quoting flat at 18,220.20, down 0.03 per cent from previous close on Aug 26.

Jet Airways Chairman Naresh Goyal also said that the company has sought the government permission to dilute up to a 20 per cent stake but he is not talking to any investor, as existing regulations do not allow it.

OneIndia News