SEBI should act to protect retail investors who continue to buy the bankrupt airline’s shares, whose value will be wiped out almost entirely.
Did you know that one not so fine morning your holding in Jet Airways can fall by 99%?
That is, if you hold 100 shares of Jet Airways in your demat account today, you will be left with just one share. This is not a mere possibility—it is going to happen suddenly in the near future.
We are writing about this open secret because the Securities and Exchange Board of India too knows this eventuality but isn't doing anything to stop trading in the Jet Airways stock. In the meanwhile, investors are having a ball trading the stock, which rose …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai