Cheering the news, which came on a non-trading day on Wednesday, shares of the company opened on a robust note on Thursday and further jumped 20 per cent to Rs. 688.60 — its 52 week high on the BSE.
At NSE, the scrip sky-rocketed by 19.86 per cent to touch a one-year high of Rs. 687.
The market value of the carrier climbed Rs. 628 crore to Rs. 5,582 crore.
In the first ever investment by a foreign airline in an Indian carrier, Jet Airways had on Wednesday announced plans to sell 24 per cent equity to Etihad Airways for about Rs. 2,058 crore, as part of a strategic alliance that would lead to a major expansion in their global network.
(PTI)
