Jet Airways falls as Tata Sons tamps down deal speculation
Tata said on Friday it is only in preliminary talks with Jet Airways and has not made a proposal to acquire a stake in the debt-laden airline. Reports of Tata Sons being close to buying a majority stake had sent Jet Airways` shares higher last week.
Shares in Jet Airways (India) Ltd. fell as much as 12.5 percent to 303.05 rupees on Monday, Image source: Pixabay