22-Feb-2011 12:17 PM
Kingfisher to delay global depository receipts sale, tops Indian traffic in January
Analysis
Kingfisher Airlines will reportedly delay its global depository receipts sale until market conditions improve and its stock recovers. The carrier had planned to raise INR15.8 billion (USD350 million) through the sale, which could be pushed back to Mar-2011, before the end of the current fiscal year.
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