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Kingfisher to launch $250-$350 mn GDR in Jan

Kingfisher to launch $250-$350 mn GDR in Jan
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First Published: Mon, Dec 06 2010. 10 05 AM IST
Updated: Mon, Dec 06 2010. 10 05 AM IST
Mumbai: Carrier Kingfisher Airlines will launch its global depositary receipts to raise $250-$350 million in January, chairman Vijay Mallya said.
He also said there is no case for capping airfares in a liberalised environment, refering to the federal civil aviation ministry’s recent directive to the regulator to monitor steep hikes in fares by local carriers.
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First Published: Mon, Dec 06 2010. 10 05 AM IST