Rediff.com » Business
Kingfisher Airlines in talks with an investor: Mallya
By Harichandan Arakali
September 24, 2013 17:17 IST
Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor.
"I expect this to take some form or shape in the next 90 days. That is my own estimate," Mallya told reporters after the company's annual shareholders meeting.
Mallya has said several times in the past that the company was in talks with potential investors, but the plans have not materialised so far.
Source:
REUTERS© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Recommended by Rediff.com
Tatas to nominate 4 of the 6 directors
Indigo FY13 profit rises to Rs 993 crore
Mallya intends to keep control of UBL
Mallya skips his day in court, KFA staff plea admitted
Singapore GP qualifying: Force India's Sutil 15th, Di Resta 17th
© 2024 Rediff.com