Posts tagged with "Vijay Mallya"
Mallya come up with revival plan for Kingfisher, shares up
Shares of Kingfisher Airlines saw an increase of around 9 percent today after a letter sent to employees from Chairman Vijay Mallya highlighted plans for a revival to be funded with 6.5 billion rupees from his UB Group.
Kingfisher, which lost its operating licence in the December last year has not flown since the beginning of October, filed its plan, which consists of the identical funding amount from UB, to regulators in late December.
Kingfisher,...