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Kingfisher shares down 5%, hit record low on weak restart chances

Mumbai: Kingfisher Airlines shares fell as much as 4.8 percent to a record low of Rs 6.90 and headed for a third consecutive losing session on fears regulators may not allow the carrier to restart operations, two dealers said.

Reuters

Grounded Kingfisher Airlines submitted a plan on April 10 to India's aviation regulator to restart operations. Reuters

Grounded Kingfisher Airlines submitted a plan on April 10 to India's aviation regulator to restart operations.

Kingfisher shares were down 4.1 percent at 6.95 rupees as of 0411 GMT.

Reuters