Shares of Jet Airways today surged over 4 percent as the representatives of the Indian firm and Etihad Airways met Sebi officials and sought an early clearance to their Rs 2,060-crore deal from the capital market watchdog.
The airline's stock rose by 4.49 percent to settle at Rs 302.60 on the BSE. In intra-day trade, the scrip surged 7.47 per cent to Rs 311.25.
At the NSE, shares of Jet Airways closed at Rs 302, up 4.57 percent from its previous close.
On the volume front, 14.86 lakh shares of the company changed hands at the BSE, while more than 54 lakh shares were traded at the NSE.
The meeting took place yesterday following the regulator's apprehension about the UAE carrier's indirect control of the Naresh Goyal-promoted airline, in which it acquired a 24 per cent stake, and seeking to know why the Gulf carrier should not be made to make an open offer to the Jet shareholders.