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

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

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.

Close