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Jet Airways (India) Ltd (JET.NS)

JET.NS on National Stock Exchange of India

236.45INR
22 Feb 2019
Change (% chg)

Rs1.60 (+0.68%)
Prev Close
Rs234.85
Open
Rs238.00
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Rs235.00
Volume
5,633,402
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13,169,192
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Rs774.00
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Rs162.80

Latest Key Developments (Source: Significant Developments)

Jet Airways (India) Says Co Continues To Make Steady Progress On Financial Turnaround
Thursday, 14 Feb 2019 09:20am EST 

Feb 14 (Reuters) - Jet Airways (India) Ltd ::SAYS CO "CONTINUES TO MAKE STEADY PROGRESS ON ITS OPERATIONAL AND FINANCIAL TURNAROUND"."REMAIN CONFIDENT OF DELIVERING A MORE STRATEGIC, EFFICIENT AND FINANCIALLY VIABLE AIRLINE".  Full Article

Jet Airways Board Approves Draft Resolution Plan
Thursday, 14 Feb 2019 07:11am EST 

Feb 14 (Reuters) - Jet Airways ::DRAFT RESOLUTION PLAN PRIMARILY COMPRISING INFUSION OF FUNDS, RESTRUCTURING OF DEBTS AND MONETIZATION OF ASSETS APPROVED BY BOARD.THE INDIAN BANKS LED BY STATE BANK OF INDIA INITIATED COMPREHENSIVE RESOLUTION PLAN UNDER RBI CIRCULAR DATED 12TH FEBRUARY.STAKEHOLDERS ACTIVELY ENGAGED IN PROCESS OF FINALIZING RESOLUTION PLAN, SEEK REQUIRED APPROVALS, PROVIDE CONSENT PRIOR TO IMPLEMENTATION.CO HAS NEGATIVE NET WORTH OF 103.70 BILLION RUPEES AS AT END DEC.JET AIRWAYS INDIA AUDITOR SAYS CO INCURRED LOSS OF 32.08 BILLION RUPEES IN 9-MONTH ENDED DEC 31, CURRENT LIABILITIES EXCEEDS CURRENT ASSETS BY 96.10 BILLION RUPEES.  Full Article

Jet Airways India Posts Dec-Qtr Net Loss
Thursday, 14 Feb 2019 06:36am EST 

Feb 14 (Reuters) - Jet Airways (India) Ltd ::DEC QUARTER NET LOSS AFTER TAX 5.88 BILLION RUPEES VERSUS PROFIT 1.65 BILLION RUPEES YEAR AGO.DEC QUARTER REVENUE FROM OPERATIONS 61.48 BILLION RUPEES VERSUS 60.86 BILLION RUPEES LAST YEAR.  Full Article

Jet Airways Says Resolution Plan To Be Implemented Once Agreed To, Approved By All Stakeholders
Friday, 1 Feb 2019 02:46am EST 

Feb 1 (Reuters) - Jet Airways ::WORKING ON A COMPREHENSIVE RESOLUTION PLAN AS PREVIOUSLY STATED.RESOLUTION PLAN TO BE IMPLEMENTED ONCE AGREED TO AND APPROVED BY ALL STAKEHOLDERS.  Full Article

Jet Airways Accepts Etihad Bailout Plan, May Sign MoU Soon - Business Standard
Thursday, 31 Jan 2019 10:44pm EST 

Feb 1 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS ACCEPTS ETIHAD BAILOUT PLAN, MAY SIGN MOU SOON - BUSINESS STANDARD.  Full Article

SBI Exec Says Bank Should Be Able To Bring NPA Below 3 Pct By End-March 2019
Thursday, 31 Jan 2019 03:23pm EST 

Feb 1 (Reuters) - State Bank of India Chairman Rajnish Kumar::CO SHOULD BE ABLE TO BRING NPA BELOW 3 PERCENT BY END-MARCH 2019.AT LEAST 8 ACCOUNTS WORTH 340 BILLION RUPEES IN ADVANCED STAGE OF RESOLUTION.IF ALL ACCOUNTS RESOLVED, GROSS NPA WILL COME DOWN BELOW 7, NET NPA BELOW 3 PERCENT.HOLDING CO LEVEL EXPOSURE TO ILFS IS ABOUT 9 BILLION RUPEES; 50 PERCENT HAS BEEN PROVIDED.EFFORTS ARE ON TO RESOLVE THE JET AIRWAYS SITUATION.ON EXPOSURE TO DHFL: "AS OF NOW WE ARE NOT WORRIED".KEEPING A WATCH ON DHFL'S ACCOUNT, ALL ACCOUNTS ARE REGULAR AS OF NOW.CORPORATE CREDIT GROWTH IS AT 20 PERCENT.NIM OUTLOOK IS POSITIVE; IMPROVEMENT COMING AGAIN AS RATIO OF PERFORMING ASSETS RISES.GOVERNMENT'S DECISION IN BUDGET TO GIVE DIRECT BENEFIT TO FARMERS BETTER THAN LOAN WAIVERS, WILL ALLEVIATE AGRARIAN DISTRESS.ILFS SPV EXPOSURE IS ABOUT 22 BILLION RUPEES."FIRST STEP IS TO BRING NIM TO 3 PERCENT, WHICH IS VERY POSSIBLE NOW".HAVE RECEIVED "CONSIDERABLE INTEREST" FOR ESSAR STEEL ASSETS.  Full Article

Bank Of Baroda Exec Says Discussions With Bhushan Power And Steel Near Closure
Tuesday, 29 Jan 2019 08:27am EST 

Jan 29 (Reuters) - Bank of Baroda CEO P. Jayakumar::BANK OF BARODA EXEC SAYS DISCUSSIONS WITH BHUSHAN POWER AND STEEL IS NEAR CLOSURE, HOPES IT IS RESOLVED THIS QUARTER.BANK OF BARODA EXEC SAYS BANK HAS NO EXPOSURE TO JET AIRWAYS.BANK OF BARODA EXEC SAYS EXPOSURE TO BHUSHAN POWER AND STEEL IS ABOUT 7 BILLION RUPEES TO 8 BILLION RUPEES.BANK OF BARODA EXEC SAYS EXPECTED RECOVERY FROM NCLT IS ABOUT 12 BILLION RUPEES IN Q4.  Full Article

Bank Of India Exec Says Has Exposure Of 34 Bln Rupees To IL&FS As Of Dec-End
Monday, 28 Jan 2019 07:00am EST 

Jan 28 (Reuters) - Bank Of India Ltd MD and CEO Dinabandhu Mohapatra::EXEC SAYS EXPECT 26 BILLION RUPEES RECOVERY FROM NCLT CASES IN JAN-MARCH QUARTER.EXEC SAYS HAVE PROVIDED PROACTIVELY TO COVER FOR FUTURE LOSSES.EXEC SAYS BANK HAS IL&FS EXPOSURE OF 34 BILLION RUPEES AS OF DEC-END.EXEC SAYS GROSS SLIPPAGES IN OCTOBER-DECEMBER AT 43.15 BILLION RUPEES.EXEC SAYS BANK WILL SHOW BETTER PERFORMANCE QUARTER ON QUARTER GOING AHEAD.EXEC SAYS BANK TRYING ITS BEST TO COME OUT OF PROMPT CORRECTIVE ACTION PLAN.EXEC SAYS HAVE SOME NON-FUND EXPOSURE TO JET AIRWAYS.EXEC SAYS GOING AHEAD MAIN AREA OF FOCUS WILL BE TO REDUCE BAD LOANS AND GET BACK TO PROFIT IN JAN-MARCH.EXEC SAYS FOCUSSING ON BAD LOAN SALE, SLIPPAGE MANAGEMENT.  Full Article

Jet Airways Seeks Shareholders' Nod To Increase Authorised Share Capital
Monday, 28 Jan 2019 01:30am EST 

Jan 28 (Reuters) - Jet Airways (India) Ltd ::SEEKS SHAREHOLDERS' NOD TO APPROVE CONVERSION OF LOAN INTO SHARES OR CONVERTIBLE INSTRUMENTS OR OTHER SECURITIES.SAYS EGM TO BE HELD ON FEB 21.SEEKS SHAREHOLDERS' NOD TO INCREASE AUTHORISED SHARE CAPITAL OF CO TO 22 BILLION RUPEES.SEEKS SHAREHOLDERS' NOD FOR LENDERS TO APPOINT ONE OR MORE PERSONS AS NOMINEE DIRECTOR ON THE BOARD.  Full Article

India's SEBI Says Not Got Reference Seeking Relaxation Of Rules For Jet Airways
Thursday, 24 Jan 2019 02:56am EST 

Jan 24 (Reuters) - Securities and Exchange Board of India::INDIA MARKET REGULATOR CLARIFIES ON REPORTS ATTRIBUTING VIEWS OF SEBI ON CERTAIN RELAXATIONS OF REGULATIONS WITH RESPECT TO JET AIRWAYS LTD.SEBI - SEBI HAS NEITHER RECEIVED ANY REFERENCE IN REGARD OF RELAXATIONS OF REGULATIONS FROM ANY QUARTER NOR HAS IT EXPRESSED ANY VIEWS IN THE MATTER.  Full Article

Shareholders of India's Jet Airways approve debt-for-equity swap

MUMBAI, Feb 23 India's Jet Airways Ltd said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for the troubled company's lenders to infuse funds and nominate directors to its board.