Jet Airways is the big loser on the bourses today, going down 8% to Rs.266 levels. It is the top loser on the BSE as the market heads for a close.
The market is very disappointed with the Etihad stake buying. Unconfirmed news is that Etihad has offered to invest in the company at a price which is 50% of yesterday’s closing price of 294.40.
It has offered to invest in Jet at around Rs.150/share and that has obviously pushed down the sentiments.