05-May-2011 12:20 PM
Jet Airways shares slide on High Court ruling
Analysis
India's Bombay High Court requested Jet Airways pay INR4.78 billion (USD107.8 million) in dues to Sahara India Commercial Corp within two weeks after the court ruled that the airline defaulted on payment obligations in its acquisition of Sahara Airlines. Shares in Jet Airways fell 4.7% on 04-May-2011.
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