"Jet AirwaysBSE 0.00 % Ltd plunged over 12 per cent in morning trade on Monday, after India's foreign investment regulator, FIPB, deferred a decision on Etihad Airways' planned 24 percent stake buy in the airline.
At 09:35 a.m.; Jet Airways recouped some of the morning loses and was trading 8.6 per cent lower at Rs 428.30. It hit a low of Rs 411.60 and a high of Rs 432.05 in trade today.
The government on Friday deferred clearance of the Middle-Eastern carrier Etihad's proposal saying it needs clarity on the ownership structure and the level of control to be exercised by the UAE giant. "
'via Blog this'
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