Asia/Pacific

Kingfisher seeks $365 million to reduce debt

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Kingfisher seeks $365 million to reduce debt

Kingfisher Airlines hopes to raise $365 million within four months to pay off  debt. The airline hopes to raise $250 million from the sale of global depositary receipts and a further $106 million in an equity offering. Parent company United Breweries Holdings will convert loans of about INR650 into...

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