Jet Airways Share Price: Jet Airways hit the upper circuit in its plans to restart operations in the first quarter of 2022
In this article, we will share information about Jet Airways Share Price and Jet Airways News today. We researched and answered the most frequently asked questions for you about Jet Airways Share Price by looking at graphs and data from NSE (National Stock Exchange of India Limited). Our research was done from official financial sites.
We hope that this article will be useful for investors who cannot find suitable stocks in the stock market or who want to learn about Jet Airways Share Price / Jet Airways News today.
Please note that the graphics and data in this article may vary and the forecasts do not indicate a definitive result.
Who is the owner of Jet Airways India?
Naresh Goyal is an Indian (NRI) non-resident businessman and Jet Airways’ founding chairman.
Forbes magazine has named him the 16th richest person in India after Jet Airways’s IPO in 2005, with a net value of 1.9 billion US dollars.
Who is taking over Jet Airways?
Insolvent Jet Airways (India) Ltd. has found a buyer after a resolution process lasting almost 24 months. The National Company Law Tribunal later approved the successful resolution application, a consortium including the United Kingdom headquartered Kalrock Capital Partners and the United States-based Murari Lal Jalan.
The new owners of Jet Airways, Murari Lal Jalan and the London-based Kalrock Capital Manager, have proposed paying 3.8 billion rupees ($51 million) of the 78.1 billion rupees they owe to financial creditors. But according to a bankruptcy tribunal, the order tabled.
Jet Airways Share Price
Jet Airways share price today is 102.50 INR (Indian Rupee), which means +4.85 (4.97%). Previous close of Jet Airways share price is 93.00 INR, with a 97.65 INR day low.
Note: 1 Indian Rupee equals to 0.014 United States Dollar.
Jet Airways Share Price Prediction 2025
When we look at the data of Jet Airways share price NSE (National Stock Exchange of India Limited), which is the India’s largest financial market, it is possible to say that 1 year Jet Airways Stock Price Forecast is 149.22 INR and 5 Jet Airways Stock Price Forecast is 687.16 INR.
Will Jet Airways start 2021 – 2022?
A Mumbai bankruptcy court approved a resurrection plan for grounded carrier Jet Airways recently to open the door for the airline to take up the new owner-Kalrock-Jalan Consortium again, by following lengthy judicial processes.
What is the future of Jet Airways share?
“If all goes as schedule and NCLT and regulatory approvals are granted to the consortium on time, by the summer of 2021, Jet Airways will be back in the sky,” stated the consortium last year.
The consortium invested a maximum sum of Rs 600 crore in the equity of the airline which gave them 89.79% stake in the company. Accordingly, the public shareholding reduced to about 0.21% after that.
Is Jet Airways a public company?
In April 1992, Jet Airways (India) Limited became a private limited company and began operations in the Air Taxi Operator on May 5, 1993. On 14 January 1995, the Company received its planned airline status.
The first airline to order 737-800 was Jet Airways in Southeast Asia. The airline transported 2,4 million passengers in the 1996/97 financial year and had a 20 per cent market share, the second largest after Indian Airlines.
On December 28, 2004, Jet Airways became a public company.
Is there Jet Airways now?
No, Jet Airways is not continuing its business at this time. But when we look at the Jet Airways news, we can say that the company will start again in the near future.
Jet Airways makes a comeback officially. After the bankruptcy court’s approval, we now know more about the carrier’s plans to restart completely later this year.
The airline began operating as an air taxi operator in 1993 after it was founded in April 1992 as a limited liability company. In 1995, it began operating in fully compliant with the addition of international flights in 2004. In April 2019, it ceased operations but is scheduled to restart operations by 2022.
What will happen to shareholders of Jet Airways?
- Murari Lal Jalan and the London-based Kalrock Capital Manager, the new Jet Airways owners, proposed to keep the airline listed with the current public shareholders getting 1 share of each 100 shares that now they have.
- “Kalrock-Jalan clarified that, for every 100 existing shares held by the public shareholders, they will be entitled to 1 share in Jet 2.0, post the re-constitution of share capital.”
- Kalrock Jalan proposed that current airline stockholders other than public shareholders should be paid a set sum of 10,000 INR.
- A maximum of 600 INR crore will be invested in the airline stock by Kalrock-Jalan and this will give them 90% stake in the company. Approximately 0,21% of public shares will be decreased.
Is Jet Airways share good buy?
When we take a look at 13+ years historical Jet Share price movement of Jet Airways, it is clearly understandable that since its listing in year 2005, the stock has always been in decline.
For several years the Jet Share price has constantly been between 200 and 800.
The Jet Share price bounced back every time price came near its support level of Rs.200 levels. However, the fundamental of company has been completely changed last year, stock has hit a 52-week low price and reached lower. If the decline continues, Jet Share price can reach to much lower in the future.
So that, if you are planning to have long term investments with Jet Airways, it is better to stay away from it for it. But, on the other hand, it depends on your ability to take the risk if you think that new owners, Murari Lal Jalan and the London-based Kalrock Capital Manager, will eventually save the Jet Airways and the probability of turnaround is high you can think about investing.
We hope that this article we have prepared for you will help you with the question marks in your mind and contribute to your research for your investments. Please note that the data and graphs we share change every day and there is no 100% guarantee of the forecasts made. For this reason, we recommend that you follow these data from official sites up-to-date.
This article is not an investment advice. It is written to provide information about Jet Airways Share Price / Jet Airways Share Price NSE (National Stock Exchange of India Limited), and Jet Airways News Today.