Mumbai: Vijay Mallya, chairman of Kingfisher Airlines (KFA), can raise funds by selling stake in Mangalore Chemicals & Fertilizers (MCF) or liquor companies to rescue the airline, said Pratip Chaudhuri, chairman of State Bank of India, a top lender to the airline. KFA has not yet come up with any concrete plan to revival plans, said Chaudhuri. But Mallya could still raise funds from his assets. he added. Speaking to media on Monday, Chaudhuri said: "Mallya could look at unlocking value from other non-core businesses like Mangalore Fertilizers." Mallya has equity stakes in Mangalore Fertilizers and UB Group which manufactures bear and spirit. "Mallya can unlock cash from a number of group companies like the liquor business," he said.
25/09/12 Economic Times
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25/09/12 Economic Times
