Kingfisher may go in for an IPO soon

New Delhi: The UB Group has not arrived at a final decision on infusing fresh capital to expand the operations of Kingfisher airline. The Group has plans to infuse $200m to back the airline’s rapid expansion.
UB Group chairman Vijay Mallya said on Thursday that various options were under consideration and the airline may go for an IPO this year.
“The UB Group could pump in more investments into the airline or we can go in for debt. We can also do deals with private equity funds or opt for an IPO,” Mr Mallya said. “Various options are open but Kingfisher’s equity will not be sold cheap,” he added.
The company is expanding rapidly and the airline’s marketshare now stands close to 9%, the UB Group chief said while speaking to reporters after an aviation seminar organised by the Aeronautical Society of India here.
28/04/06 Economic Times

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