Jet To Get Rs 1,500-Crore Funding As Founder Naresh Goyal Exits: 10 Facts

Naresh Goyal will no longer be the chairman of the company, Jet Airways said. The airline also announced that the lenders would have two nominee on the board. The report of Naresh Goyal's departure led to a rally in Jet's shares amid heavy volumes. The Jet Airways stock closed 13 per cent higher, outperforming the broader market which settled around 0.9 per cent lower amid global growth concerns. The lenders, led by State Bank of...