 "Kingfisher board approves Rs 2,000 cr rights share issue")
Mumbai: Private sector carrier Kingfisher Airlines said on Friday its board has approved raising up to Rs 2,000 crore through a rights issue of shares. [caption id=“attachment_70023” align=“alignleft” width=“380” caption=“The board also amended the terms for the issue of optionally convertible debentures that were issued on 3 January. Reuters”]  [/caption] The board also amended the terms for the issue of optionally convertible debentures that were issued on 3 January , the airline said. Earlier this year, the carrier had cut its debt through a debt restructuring process under which the airline had issued 116.3 million shares to a consortium of 13 banks led by State Bank of India (SBI), after conversion of compulsory convertible preference shares at Rs 64.48 a share. Reuters
Mumbai: Private sector carrier Kingfisher Airlines said on Friday its board has approved raising up to Rs 2,000 crore through a rights issue of shares. [caption id=“attachment_70023” align=“alignleft” width=“380” caption=“The board also amended the terms for the issue of optionally convertible debentures that were issued on 3 January. Reuters”]  [/caption] The board also amended the terms for the issue of optionally convertible debentures that were issued on 3 January , the airline said.
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