Jet Airways shares fall 53 per cent, over Rs 400 crore investor wealth gone

Jet Airways shares nosedived to record lows on Tuesday, wiping out more than half of the company's market value. A day after creditors said that they plan to begin insolvency proceedings against the grounded airline. Jet Airways stock plunged as much as 53.72 per cent to a record low of Rs. 31.65 in intraday trade on the National Stock Exchange (NSE).