Jet scrip trades lower on reports of government probe

Mumbai : The scrip of Jet Airways traded lower during the mid-afternoon trade session on Tuesday after reports claimed that the government has initiated a probe against the airline.

However, in a regulatory filing to the BSE, the airline said that it has not received any communication in this regard from the Ministry of Corporate Affairs (MCA).

The stock exchange had sought a clarification from Jet Airways on reports which claimed that the MCA has commenced a probe against Jet Airways on suspicion of siphoning off of funds.

Around 1.30 p.m., the company's scrip traded lower by 2.54 per cent or Rs 7.65 at Rs 293.55 per share from its previous close of Rs 301.20.