Kingfisher awaits further hike in FDI
Vijay Mallya, chairman of Kingfisher Airlines, is busy raising finance for his airline company and even as he has the approval for raising debt, he seems keen on raising money through equity. Clearly, Mallya is out in the cold. His firms, including Kingfisher, are hungry for funds and he is keen on getting a strategic partner by selling equity to wipe out his Rs 7500 crore rupee debt.
