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14-May-2010 11:14 AM

Kingfisher appoints SBI Capital Markets for debt restructuring

Kingfisher Airlines announced the appointment of SBI Capital Markets to advise on restructuring the carrier’s debt of USD1.6 billion, ahead of the issue of a USD100 million global depository receipts (GDR) issue (The Economic Times, 14-May-2010). The carrier has debt across 15 banks (CNBC-TV18, 13-May-2010).