Jet Airways (India), a provider of domestic and international airline services, witnessed a fall in share price on Wednesday after the Competition Commission of India (CCI) has imposed Rs 1.52 billion penalty on Jet Airways.

The CCI has imposed penalties totalling upto Rs 2.58 upon Jet irways, InterGlobe Aviation (Indigo) & Spice Jet for concerted action in fixing and revising fuel surcharge (FSC) for transporting cargo.

Shares of the company are trading at Rs 419.00, down Rs 9.65, or 2.25% at the Bombay Stock Exchange (BSE) on Wednesday at 9:41 a.m.

Total volume of shares traded on the bourses today was lower by 85.90% to 912,842 compared with 22-day average volume of 6,475,167.