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Moneycontrol.com >> Messageboard >> Stocks >> Jet Airways >> Promoters slowly exiting??
   You are here :     Moneycontrol     MMB    Stocks      Jet Airways                         Most active discussions of 2006 , 2007 & 2008
Promoters slowly exiting?? (7)   24-Sep-09 19:34Track this thread   Tracked by (0)  
Posted by:   cmet on ( 24-Sep-09 19:34 )
Price : BSE: Rs 311.00 ( -0.35 % ), NSE: Rs. 311.05 ( -0.58 % )
ET has reported that Jet Airways has sought the permission of FIPB for stake sale to foreign investors. The promoters propose to reduce their holding from 80% to 42 %. The foreign shareholding is proposed to increase fron under 5% to 49%.
The promoters fear that domestic investors have no appetite for the shares of th company. What more can the promoters expect. What loyalty can they claim having made the IPO @ Rs 1100 and the share currently trading at Rs 300.
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