NCLT allows transfer of Jet Airways' ownership to Jalan-Kalrock consortium. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The National Company Law Tribunal’s (NCLT) Mumbai bench has allowed the transfer of Jet Airways’ ownership to the Jalan-Kalrock Consortium (JKC), in an order passed on January 13. The consortium was declared the winning bidder in 2022, but it had not got control of the airline because Jet Airways' lenders said that it had not fulfilled three of five conditions precedent mentioned in the NCLT-approved resolution plan. Subsequently, the winning bidder appealed to the NCLT, following which the court ruled in its favour on January 13. Here are the key takeaways from the NCLT's order: 1) Lenders asked for a stay of the order for two weeks. The NCLT has rejected that request. 2) The tribunal, while … [Read more...] about Seven takeaways from the NCLT order transferring Jet Airways to Jalan-Kalrock Consortium
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Adani Enterprises becomes fourth Adani Group firm to cross Rs 3-trillion MCap
adani Adani Enterprises Ltd (AEL) crossed Rs 3 trillion market capitalisation, becoming the fourth group firm to achieve this milestone after stock surged over 57 percent so far this year. The stock hit a record high of Rs 2,705.90 on the BSE. At 1.50pm, the scrip was trading at Rs 2688 on the BSE, up 0.3 percent from its previous close. The stock gained for 13 out of 15 trading sessions and advanced 15 percent during this period. The stock ranks 18th in the all listed firms of India. It ranks fourth in Adani Group firm. Adani Transmission is the top valued firm in the group with a mcap of Rs 3.77 trillion followed by Adani Green Energy, Adani Total Gas. The stock started surging after an Edelweiss Research report said it is likely to enter into the Nifty 50 index by replacing Shree Cement. The brokerage firm expects around $213 million flows from foreign investors. Read More The NSE indices are rebalanced twice every year and changes are made to the … [Read more...] about Adani Enterprises becomes fourth Adani Group firm to cross Rs 3-trillion MCap