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01-Sep-2010 2:38 AM

Kingfisher seeks to raise USD350m in funding and cut debt burden

Analysis

Kingfisher Airlines announced plans to raise more than USD350 million in funding, through a combination of global depository receipts and a local equity offering. The carrier plans to raise USD250 million through the sale of GDRs in international markets and USD106 million through a domestic offering, subject to necessary regulatory approvals.

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