Kingfisher Airlines hopes to raise $365 million within four months to pay off debt. The airline hopes to raise $250 million from the sale of global depositary receipts and a further $106 million in an equity offering. Parent company United Breweries Holdings will convert loans of about INR650 into preference shares. Shares are up today by 3.55% on the news but the journey ahead is clouded at best.
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.