Many interested in investing in Kingfisher: Mallya

New Delhi: Kingfisher promoter Vijay Mallya Friday said many have expressed interest in investing in his debt-ridden airline.
Much would, however, depend on the government's stand on allowing foreign carriers to pick up stake in domestic airlines, he told reporters after meeting Revenue Secretary R S Gujral here.
India's foreign direct investment (FDI) policy allows foreign investors to pick up 49 per cent stake in domestic airlines, but foreign airlines are not permitted.
Earlier this week in Bangalore, Civil Aviation Minister Ajit Singh had said the government was looking at the proposal of allowing foreign airlines to invest in domestic carriers.
20/07/12 PTI/ZeeNews

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Categories: Kingfisher Jul 2012