Shares of Jet Airways were trading 3% down in Monday’s morning session after a PTI report said that the State Bank of India has ordered a forensic audit of the company’s books.
A media report stated that the bank has mandated Ernst & Young to conduct a forensic audit of the airline’s books for the period between April 2014 and March 2018. The bank is the lead lender to Jet Airways' over Rs8,000cr loans.
The development comes at a time when the airline is in talks with potential investors to raise funds to tide over its liquidity crisis.
Jet Airways (India) Ltd's share price is currently at Rs251.75, down by Rs8.2 or 3.15%, from its previous close of Rs259.95 on the BSE.
17/12/18 India Infoline
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A media report stated that the bank has mandated Ernst & Young to conduct a forensic audit of the airline’s books for the period between April 2014 and March 2018. The bank is the lead lender to Jet Airways' over Rs8,000cr loans.
The development comes at a time when the airline is in talks with potential investors to raise funds to tide over its liquidity crisis.
Jet Airways (India) Ltd's share price is currently at Rs251.75, down by Rs8.2 or 3.15%, from its previous close of Rs259.95 on the BSE.
17/12/18 India Infoline
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