Jet Airways Shares Sink Nearly 20% As it Scrambles For Interim Funding

Shares of the debt-laden Jet Airways plunged as much as 18.56 per cent on the BSE, its worst session in over three years, to hit intraday low of Rs 213.20. On the National Stock Exchange, Jet Airways share price dropped as much as 18.53 per cent from yesterday's close of Rs 261.70 after it failed to secure interim funding from the group of lenders led by the State Bank of India. As part of the rescue deal signed last month with the l...