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Deal money from Diageo-United Spirits stake sale not for Kingfisher Airlines: Vijay Mallya

Friday, November 9, 2012

WN.com - Business News
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Deal money from Diageo-United Spirits stake sale not for Kingfisher Airlines: Vijay Mallya
Nov 10th 2012, 05:50

MUMBAI: The debt-laden Kingfisher Airlines may find its much needed capital infusion still elusive, as Vijay Mallya dropped enough hints on Friday that the airline will have to fend for itself. Lenders to the airline had earlier this week directed the promoters to raise or commit at least a billion dollars by November 30. Mallya addressing the media over phone after the deal said the transaction...
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