10-Feb-2009 10:51 AM
Kingfisher leaps on equity raising, AirAsia rises on ancillary revenue plan - share wrap
Analysis
Kingfisher Airlines' shares rose as much as 15% on 09-Feb-09, after the airline confirmed it would aim to raise up to INR20 billion (USD414 million) in fresh equity by selling a 25% stake to "strategic and financial investors". The airline (and its investors) are hopeful the government will ease foreign ownership regulations soon. The shares closed up 8.3%.
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