Stocks that were in focus included names like Tata Investment, which fell 4.67%, Emami, which rose 4.35%, and Jet Airways, whose shares jumped 5% on Friday.
"JKC, the new proposed promoters of Jet Airways, today completed an additional infusion of Rs 100 crore, reaffirming its unwavering commitment to a successful resurgence of Jet Airways. With this infusion, JKC has now fulfilled its total financial commitment of Rs 350 crore equity as per the court-approved resolution plan, and all commitments by JKC now stand fulfilled to take control of the iconic airline," Jet Airways said.
Shares of Jet Airways took flight, hitting the upper circuit of 5% on September 29, as the Jalan-Kalrock consortium completed its Rs 350 crore payment.
The Director General of Civil Aviation (DGCA) on Friday, July 28, re-issued the Air Operator Certificate (AOC) which expired on May 19, 2023, as the airline did not start operations after getting an AOC from the DGCA on May 20, 2022, PTI reported.
Jet Airways share price: Today's jump in the share price came after aviation regulator DGCA renewed its air operator certificate. The Directorate General of Civil Aviation (DGCA) has renewed the Airport Operator Certificate (AOC) of Jet Airways on July 28, the Jalan-Kalrock Consortium said in an official statement.