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Jet Airways & Mindtree: A Tale of Two Promoters
Fri, 29 Mar Podcast | Monish Vora, TM Team

Jet Airways nearly averted a crisis as its founder Naresh Goyal stepped down from its board on Monday and the debt-laden carrier got a Rs 15-crore funding promise from a consortium of bankers.

Jet Airways has a debt of around Rs 8,000 crore. It has only 38 operational planes left in its fleet of 119 and the pilots, who have not been paid since December, have threatened to go on strike from April 1. The airline has suspended operations on 13 international routes.

A few days ago, Larsen & Toubro, L&T signed a deal to buy a 20.32% stake in Mindtree from VG Siddhartha, owner of the country's largest coffee shop chain, Cafe Coffee Day (CCD, triggering a hostile takeover of the company.

Mindtree's board is now evaluating how it can resist L&T's advances.

Promoters in both these companies are in focus, both for not acting at the opportune time...

What will the fates of the companies they built from the ground up be now?

Tune in to find out....

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Stock Market Updates

PERSISTENT SYSTEMS at All Time High; BSE IT Index Down 1.0% (Today's Market)

Aug 3, 2020 02:01 PM

PERSISTENT SYSTEMS share price has hit an all time high at Rs 975 (up 4.8%). The BSE IT Index is down by 1.0%. Among the top gainers in the BSE IT Index today are PERSISTENT SYSTEMS (up 4.8%) and ORACLE FINANCIAL (up 0.9%). The top losers include CYIENT (down 0.1%) and NIIT TECHNOLOGIES (down 0.3%).

G.E.SHIPPING Share Price Up by 10%; BSE 500 Index Down 0.8% (Today's Market)

Aug 3, 2020 01:59 PM

G.E.SHIPPING share price is trading up by 10% and its current market price is Rs 249. The BSE 500 is down by 0.8%. The top gainers in the BSE 500 Index are G.E.SHIPPING (up 10.1%) and AMBER ENTERPRISES INDIA LTD (up 16.8%). The top losers are NESTLE and J.B.CHEMICALS .

BLISS GVS PHARMA Share Price Up by 11%; BSE 500 Index Down 0.8% (Today's Market)

Aug 3, 2020 01:57 PM

BLISS GVS PHARMA share price is trading up by 11% and its current market price is Rs 119. The BSE 500 is down by 0.8%. The top gainers in the BSE 500 Index are BLISS GVS PHARMA (up 11.3%) and AMBER ENTERPRISES INDIA LTD (up 16.8%). The top losers are J.B.CHEMICALS and CYIENT .

ERIS LIFESCIENCES LIMITED Share Price Up by 11%; BSE HEALTHCARE Index Up 1.9% (Today's Market)

Aug 3, 2020 12:27 PM

ERIS LIFESCIENCES LIMITED share price is trading up by 11% and its current market price is Rs 547. The BSE HEALTHCARE is up by 1.9%. The top gainers in the BSE HEALTHCARE Index are ERIS LIFESCIENCES LIMITED (up 11.3%) and LAURUS LABS LTD (up 10.9%). The top losers are SUN PHARMA (down 0.2%) and DR. LAL PATHLABS LTD (down 0.4%).

JUBILANT LIFE SCIENCES Share Price Up by 11%; BSE 500 Index Down 0.4% (Today's Market)

Aug 3, 2020 12:11 PM

JUBILANT LIFE SCIENCES share price is trading up by 11% and its current market price is Rs 888. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are JUBILANT LIFE SCIENCES (up 10.9%) and AMBER ENTERPRISES INDIA LTD (up 15.8%). The top losers are SHREE CEMENT and ICICI PRUDENTIAL LIFE INSURANCE .

Sensex Opens Lower; Banking and Energy Stocks Under Pressure (Today's Market)

Aug 3, 2020 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 300 points, while the Nifty is trading down by 69 points.

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