Airlines to raise

UB Group owned Kingfisher Airlines has decided to raise Rs 500 crore by way of equity. This was decided in the company’s Board meeting held on Tuesday.The company which has a debt burden of about Rs 6,000 crore says that they are planning to go for a rights and depository issue, for the proposed fund raising. It is understood that the company is in the process of appointing a merchant banker to expedite the processs.

Source : http://www.business-standard.com/india/news/kingfisher-airlines-to-raise-rs-500-cr/69239/on