What to Watch. Jet Airways: All eyes on EGM result

Jet Airways will announce the result of the shareholders e-voting on Saturday. The beleaguered airways has sought shareholders’ nod to allot 11.40 crore shares to lenders as part of converting debt into equity. The airline has loans of over ₹8,400 crore, with SBI being its biggest lender. Jet is also seeking approval to raise further loans within the overall existing borrowing limit of ₹25,000 crore, and to provide the lenders with the right to convert such loans into equity.