Jet Airways shares plunge 10% after govt defers Etihad deal approval

Shares in Jet Airways plunged 10 per cent on Monday after the Foreign Investment Promotion Board (FIPB) deferred a decision on Gulf carrier Etihad Airways' planned 24 per cent stake buy in Jet Airways on Friday. Jet shares traded 10 per cent lower at Rs 423.50 as of 09.16 a.m. against a flat start in broader markets. (Track stock) FIPB has sought more details on "effective control" and ownership, economic affairs secretary Ar...