Saturday, November 24, 2012

We're yet to hear from Kingfisher Airlines: Pratip Chaudhuri, SBI chief

Pune: With barely a week left ahead of the November 30 deadline set by bankers to pump in fresh capital into the grounded Kingfisher AirlinesBSE 1.86 %, the lead lender State Bank of IndiaBSE -0.47 % today said it has not heard from the company so far.
"Kingfisher as a company has not given us any information or visibility on capital infusion," SBIBSE -0.47 % chairman Pratip Chaudhuri told reporters on the sidelines of the annual two-day banking summit `Bancon 2012' here.
In an obvious reference to the United Spirit-Diageo deal earlier this month, he said there are reports relating to the group company, but that cannot be a basis for taking a view on the airline.
Late last month, SBI set a November 30 deadline for KingfisherBSE 1.86 % to bring in fresh capital and produce a comprehensive revival plan.
24/11/12 PTI/Economic Times
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