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Kingfisher Airlines to raise USD400 million through GDR in coming weeks

25-Feb-2010 11:26 AM

Kingfisher Airlines Chairman, Vijay Mallya, reportedly confirmed the carrier plans to raise up to USD400 million through global depository receipts (GDR) in international markets within an 8-10 week period (The Times of India, 25-Feb-2010). The size and pricing of the issue is expected to be finalised in the next two weeks. Seabury Aviation & Aerospace, recently appointed to advise on the carrier's restructuring, will assist with the GDR issue.