Shares in Jet Airways Ltd fall as much as 3.4 percent, hitting their lowest since December 4, on continued concerns about whether the carrier will clinch a deal to sell its stake to Abu Dhabi-based carrier Etihad Airways.

Shares in Jet Airways fell 14.5 percent last week after Etihad Chairman Sheikh Hamed bin Zayed al-Nahayan told Reuters on February 17 that it was too soon to say when a final agreement between the two carriers would be struck.