Jet Airways shares surge 25% on reports of Tata Sons acquisition
Jet Airways shares rallied nearly 25% on Thursday following reports that Tata Sons is in talks to buy a controlling stake in the cash-strapped airline. Tata Sons Chairman N Chandrasekaran is reportedly expected to present a business viability plan on a proposed acquisition to the board on Friday. This is the company's best single-day gain since listing in 2005.