The board of Kingfisher Airlines has alloted preferential shares to a consortium of lenders as part of its debt restructuring programme. The airline has allotted a total of 139.81 crore compulsorily redeemable preference shares (CRPS) of Rs. 10 face value and a coupon rate of 8% to the lenders’ consortium and its promoter group firms to cover its outstanding loans. Of which, 75.01 crore CRPS will be issued to the lenders’ consortium, which comprises SBI, IDBI Bank, Punjab National Bank, Uco Bank, United Bank of India, Bank of India, Bank of Baroda, State Bank of Mysore and Jammu & Kashmir

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