Home / Markets / News / Jet Airways climbs 9% on reports Naresh Goyal will sell controlling stake

Jet Airways climbs 9% on reports Naresh Goyal will sell controlling stake

Shares of Jet Airways surged as much as 9 per cent to Rs 319.80 apiece on BSE after a TV report said that airline's promoter Naresh Goyal has agreed to sell his controlling stake in the company.

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Last month, Jet had laid off 20 employees, including senior-level executives. Prior to that, it had reportedly asked 15 managerial-level staff to leave

SI Reporter New Delhi

Last Updated : Nov 28 2018 | 3:53 PM IST

Shares of Jet Airways surged as much as 9 per cent in intra-day trade to Rs 319.80 apiece on BSE after a TV report said that airline's promoter Naresh Goyal has agreed to sell his controlling stake in the company. The stock, however, gave up some gains by close.

"Naresh Goyal has been in talks with all three prospective investors, Tata group, Etihad and a consortium of Air France, KLM and Delta. Prospective buyers are unwilling to move ahead without taking a controlling stake in the company," CNBC-TV18 reported on Wednesday.

Naresh Goyal holds 51 per cent stake in Jet

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