The Shares of Jet Airways Rose Over Four Percent Source

Jet Airways has raised its loan worth Rs 1,100 crore of four per cent including non-fund-based credit facility of Rs 950 crore from PNB. In a day, on the Bombay Stock Exchange (BSE) 4.68 per cent the stock rose high of Rs 254.50. Similarly, intraday on the National Stock Exchange (NSE) the stock rose up to Rs. 255 of 4.83 per cent.

With the state-run bank, the loan has been raised through two agreements. In one agreement the airlines have received a credit of Rs. 1,050 crores including a non-fund-based facility of Rs. 700 crores and the other agreement has a credit facility of Rs 1,000 with Rs 750 crore as a term loan and no fund-based facility of Rs 250 crores says the report.

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