Business / Jet Airways secures $293 million loan from PNB

Zee News : Mar 11, 2019, 11:26 AM
Shares of Jet Airways Ltd rose as much as 4.8 percent to 255 rupees, the highest in over a month, after a report said the debt-laden carrier has secured a loan of 20.50 billion rupees ($293.07 million) from Punjab National Bank. Airline has raised foreign currency term loans worth 11 billion rupees & a non-fund based credit facility of 9.50 billion rupees from PNB, the copies of loan document reviewed by Indian mint.