Jet Airways (India), a provider of domestic and international airline services, witnessed a rise in share price on Tuesday after it has concluded a five-year syndicated loan facility of USD 150 million (Transaction).  Mashreqbank psc, was the sole Initial Mandated Lead Arranger and Book Runner for the Transaction.

The transaction was fully subscribed to, by banks spread across the Middle East region, from Dubai, Abu Dhabi, Bahrain and Doha-based financial institutions.  The participating banks include Abu Dhabi Commercial Bank PJSC, and Commercial Bank International PJSC as the Mandated Lead Arrangers and Ahli United Bank B.S.C and Arab Banking Corporation B.S.C., as the Lead Arrangers. Alpen Capital acted as financial advisors to Jet Airways for the transaction. 

Shares of the company  are trading at Rs 398, up Rs 10.45, or 2.70%  at the Bombay Stock Exchange (BSE) on Tuesday at 11:20 a.m. The scrip has touched an intra-day high of Rs 408.80 and low of Rs 395.15. The total volume of shares traded at the BSE is 275,715.