Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium

“It has come to our notice that certain news items claim that a consortium of Kalrock Capital and Murari Lal Jalan has been chosen as the successful resolution applicant by the committee of the creditors in the corporate insolvency resolution process of Jet Airways “This is to clarify to all market participants and stakeholders that such news items are false and misleading and must be disregarded,” the company in the clarification.

According to the company, the committee of creditors has not concluded the e-voting process and that appropriate disclosures will be made after the voting process has been duly concluded. Jet Airways shuttered operations in April 2019.