Jet Airways shares fall 4% on reports of preliminary govt probe

Posted on by KNBT

As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.

As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.

New Delhi:Shares of Jet Airways India Ltd on Tuesday declined as much as 3.73% to Rs 289.95 per share on BSE following reports that the ministry of corporate affairs has opened a preliminary inquiry into the carrier. At 12.33pm, Jet Airways shares traded 2.94% lower at Rs 292.35. The shares of the company opened on a weak note at Rs 297.80.

As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts. In a regulatory filing, however, the company today said it “has not received any communication from the Ministry of Corporate Affairs in this regard”.

Jet Airways is facing financial stress and on 9 August the company held off from announcing the unaudited financial results for the June quarter. Both BSE and NSE have sought an explanation from the company on this. Meanwhile, a meeting of the board of directors is scheduled to be held on 27 August to consider and approve the unaudited financial results for the first quarter ended 30 June.

Share and Enjoy !

0Shares
0 0 0
About the Author
KNBT

Leave A Response