Mumbai: Jet Airways shares crash 20 per cent to hit its 52-week low of Rs 123 on the BSE in early morning trade, while a report suggests that bidders have not shown interest in following up their offers for the crisis-hit airline with a few days left to submit their final bids.
The stock is already trading close to its all-time low level of Rs 115.
Since mid-April, the market price of Jet Airways has lost more than 50 per cent steam from the level of around Rs 260, after the company was forced to suspend operations on lenders rejecting a line of emergency funding.
With merely 10 days to go for final submission of bids, three out of four qualified bidders have not signed nondisclosure agreements, the report said.
