SBICap Trustee gets over 5 pct of pledged shares of Jet Airways
- Country:
- India
More than 5 per cent stake of cash-strapped Jet Airways has been pledged with SBICap Trustee Company, according to a regulatory filing. Lenders have taken control of the full-service carrier, which has a debt burden of more than Rs 8,000 crore.
As per the filing made on Friday, 5.19 per cent stake or 58,95,704 shares of the airline were pledged with SBICap Trustee Company on April 11. The disclosure by SBICap Trustee was submitted by Jet Airways to the BSE. Specific details about the pledging of shares could not be immediately ascertained.
Jet Airways founder Naresh Goyal has pledged 26 per cent stake in the ailing airline as security for loans from Punjab National Bank, a regulatory filing said on Thursday. Last month, Goyal and his wife Anita Goyal quit the board of the cash-strapped carrier as part of a debt resolution plan. Shares of Jet Airways closed flat at Rs 260.45 on the BSE.
(With inputs from agencies.)
ALSO READ
Kerala CM slams Congress over absence of their and IUML flags in Rahul Gandhi's roadshow
Rahul Gandhi ashamed of IUML support, hence its flags absent in roadshow:Union Minister Irani
CBSE changes exam format for Classes 11, 12 from 2024-25, to focus on concept application questions instead of long-form answers.
CBSE exams for Classes 11, 12 to focus more on checking concept clarity
NASA's X-ray space telescope resumes science observations after telemetry data issue