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Tuesday
April 2019
3:48 AM IST
News Headlines
Shiv Sena asks govt to take over Jet Airways        Congress releases list of six candidates for Delhi Lok Sabha seats        SP-BSP-RLD, an alliance of hearts rather than parties: Akhilesh        CM Nath regime intimidating officials: Shivraj Singh Chouhan        Bairstow and Warner lead Sunrisers to 9-wicket victory        Dhoni''s 84* goes in vain as RCB win 1-run thriller against CSK        Sri Lanka serial blasts : Seven arrested over multiple blasts        Pak Prime Minister Imran Khan arrives in Iran        Serial blasts rip through Lanka on Easter Sunday: 228 dead, 450 injured        US confirms deaths of several Americans in Sri Lanka blasts        Pakistan deplores India''s decision to suspend cross-LoC trade        Multiple blasts likely to have "adverse impact" on Lankan tourism: tour operators        Kerala CM condemns terrorist attack in Sri Lanka        French Police detain over 120 people amid Yellow Vest rallies in Paris        Gunmen kill 2 in north Nigeria        Amit Shah: K Surendran represents believers all over world        Asking vote for those who insulted Ambedkar is stooping to new low: Yogi to Mayawati        Congress destroyed nation for last 60 years: Gadkari        Smith guides RR to five wicket win over Mumbai Indians        Iyer, Dhawan half centuries guide DC towards victory against Punjab        
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Business News
Jet Airways shares sink over 8% amid uncertainty over open offer
 
(New Delhi, Jan 16,2019): Shares of Jet Airways came under selling pressure Wednesday and slumped over 8 per cent amid uncertainty over an open offer.The scrip tanked 8.28 per cent to Rs 270 on BSE.

On NSE, shares of the company cracked 8.39 per cent to Rs 269.05.According to media reports, Etihad Airways has offered to pick up shares of Jet Airways at a discount.

Etihad Airways holds 24 per cent stake in the airline, as per the December quarter shareholding pattern on BSE.

According to reports, Etihad might have to make an open offer in case it is hiking the stake in Jet Airways.

Etihad has sought an exemption from the market regulator on preference pricing and open offer guidelines, the reports added.

Under market regulator Sebi's norms, entities have to make an open offer in case their shareholding in listed companies goes beyond a certain threshold.

The carrier has posted three consecutive quarterly losses of over Rs 1,000 crore each since March 2018.


Pakistan deplores India''s decision to suspend cross-LoC trade
Multiple blasts likely to have "adverse impact" on Lankan tourism: tour operators
KCCI Cross LoC trade becomes a casualty of apathy, says Kashmir industry
TATA Group team meets J&K Governor
OYO launches OPEN programme for asset owners
Sensex slips from lifetime high on profit booking
Govt to allocate 440 vacant Jet slots to other airlines
Blue Star launches 75 models in AC range, eyes 13.5 pc market share in FY20
Jet Airways grounds ops temporarily; Secy calls urgent meeting
Jet Airways operating 5 planes, seeks emergency funds: Kharola
3 private players offer ideal, healthy competition: Vodafone Idea CEO
Lenders to Jet working on revival, no final decision yet: PNB MD
UK business says Brexit extension averts crisis
Jaitley discusses India's economic reforms with investors in US
RBI imposes Rs 1 lakh penalty on Lucknow-based co-op bank
Hyundai to train 10k sales consultants for its global connected tech
Facebook to block foreign ads for Australia election
Gold slumps Rs 80 on weak demand
SC quashes RBI circular on insolvency issued last year
Rupee slips 22 paise against US dollar in early trade
KERALA NEWS
Kerala CM condemns terrorist attack in Sri Lanka
 Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Sunday strongly condemned that terrori  
Sexist remark: Electoral Officer warns ruling LDF leader
CPI-M-led LDF holds road show in Wayanad
Toddler in coma after being beaten up; Mother arrested
INTERNATIONAL NEWS
Sri Lanka serial blasts : Seven arrested over multiple blasts
 Colombo: The Sri Lankan government said on Sunday that seven people had been arrested over the multi
Pak Prime Minister Imran Khan arrives in Iran
US confirms deaths of several Americans in Sri Lanka blasts
French Police detain over 120 people amid Yellow Vest rallies in Paris
NATIONAL NEWS
Shiv Sena asks govt to take over Jet Airways
 Mumbai: The Shiv Sena on Monday urged the NDA government to take over the temporarily grounded priva
Congress releases list of six candidates for Delhi Lok Sabha seats
SP-BSP-RLD, an alliance of hearts rather than parties: Akhilesh
CM Nath regime intimidating officials: Shivraj Singh Chouhan
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