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Kingfisher seeking to raise up to USD200 million in four months

12-Jan-2010 10:56 AM

Kingfisher Airlines’ owner, the United Breweries Group, reportedly announced plans to raise up to USD200 million in three to four months and is in talks with investment banks (vccircle, 11-Jan-2010). The carrier is also reportedly considering global depository receipts, a rights issue or private equity placement.

United Breweries:
We have begun talking to investment bankers and fund-raising within three to four months is a possibility. The deal size has not been finalised yet but we will be looking to raise upwards of USD200 million,” Ravi Nedungadi, President and CFO. Source: vccircle, 11-Jan-2010.