funding itself. The carrier said it would discuss a full recapitalisation plan with a small group of bankers. Kingfisher will need about Rs 425 crore to restart according to its plan, said Shyamal Acharya, a deputy managing director at State Bank of India.
7.23 PM Dec 20th 2012
Source:The Hindu BusinessLine - 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 on Monday.SBI Deputy Managing Director for mid-corporates Shyamal
12.55 PM Dec 18th 2012
"The airline is in talks with DGCA (Directorate General of Civil Aviation) for a limited restart of its operation," said Shyamal Acharya, deputy managing director (corporate) at State Bank of India (SBI). The airline didn`t seek any money for this partial resumption, he said. "Mallya is confident
9.03 PM Dec 17th 2012
.e.f. December 01, 2012 in place of Shri A. K. Deb. (2) Central Government has nominated Shri Mihir Kumar, Director Department of Financial Services, Ministry of Finance as Government Nominee Director on the Board w.e.f. December 12, 2012 and until further orders vice Shri Amrik Singh. (3) Shri Shyamal Acharya
11.50 AM Dec 17th 2012
in the Hindu Business Line this morning quoted Deputy MD of SBI Shyamal Acharya as saying. Acharya also said whole or part of the funding (Rs 425 crore) may come from the proceeds of the United Spirits-Diageo deal. In November, the world’s biggest spirits group Diageo had agreed to acquire 53.4% in Mallya
1.30 PM Dec 22nd 2012
for limited restart. They may start with certain number of flights, of say five aircraft, and go up within three to four months. They need Rs 425 crore for resuming the operations, which they will manage on their own," SBI Deputy Managing Director for mid-corporates Shyamal Acharya told reporters after the 2
11.41 PM Dec 21st 2012
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