SME Times is powered by   
Search News
Just in:   • Trump warns Russia against election meddling  • Hyundai Motor India to raise vehicle prices from Jan 2020  • Auto sales decline by 12 pc in Nov: SIAM  • Send Data Privacy Bill to standing panel: CUTS  • ADB cuts India's growth forecast to 5.1 pc 
Last updated: 13 Jun, 2019  

BSE.9.Thmb.jpg Jet stocks plunge 16% as surveillance measures to kick in soon

Bse.9..jpg
   Top Stories
» Auto sales decline by 12 pc in Nov: SIAM
» ADB cuts India's growth forecast to 5.1 pc
» Agriculture budget doubled by Centre: Minister
» Rs 5 lakh cr to be spent in infra: Minister
» 'Number of exemptions for startups'
SME Times News Bureau | 13 Jun, 2019
After hitting an all-time low of Rs 84.80 per share, Jet Airways' scrips closed 16 per cent lower on Thursday, a day after the exchanges decided to shift the security from Rolling Segment to Trade for Trade Segment.

The two key stock exchanges -- BSE and NSE -- will impose preventive surveillance measure on Jet's scrip from June 28.

The decision was made following the inability of the company to issue a clarification with respect to several rumours in the markets and non-declaration of financial results for the year ended March 31, 2019.

"... It has been jointly decided by the exchanges that w.e.f. June 28, 2019 till further notice, the security of the company shall be shifted from 'Rolling Segment to Trade for Trade Segment, wherein the settlement in the security will take place on gross basis with 100 per cent upfront margin and 5 per cent price band," the stock exchanges said in a circular.

Additionally, Jet's scrip which is currently available for trading in the 'Futures and Options' segment will be excluded from the segment from June 28.

No contracts shall be available for trading in Jet's security.

Jet Airways had suspended operations on April 17, impacting thousands of employees, lessors, vendors and passengers.

At present, the lenders of Jet Airways led by the SBI are in the process of selling the airline to recover their dues of over Rs 8,400 crore.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 12 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» India software market grew 12.4% in H1 2019: IDC(1)
» Starting an import export business: Basic guide for beginners(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter