Mumbai: Kingfisher promoter Vijay Mallya is ready to infuse Rs 425 crore into the airline and restart its limited operations as soon as DGCA gives a go-ahead, the lead lender to the grounded carrier SBI said today.
SBI Deputy Managing Director for mid-corporates Shyamal Acharya, after a meeting with the top management of the airline here this evening, said Mallya, however, did not give any timeline for fund infusion or restart of the operations.
Apart from Mallya, from the airline's side the meeting was attended by group CFO Ravi Nedungadi and airline CEO Sanjay Agarwal, while the 17-member lenders were represented by mid-level managers.
17/12/12 Economic Times
