• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Dec 12, 2012, 02.13 PM | Source: Moneycontrol.com

Kingfisher Airlines up 5% on talks with investors, Etihad

Shares of Kingfisher Airlines rose 5% to Rs 16.45 on news that the company is in discussions with several investors for equity partnership, including Gulf-based Etihad Airways.

Like this story, share it with millions of investors on M3

Kingfisher Airlines up 5% on talks with investors, Etihad

Shares of Kingfisher Airlines rose 5% to Rs 16.45 on news that the company is in discussions with several investors for equity partnership, including Gulf-based Etihad Airways.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Shares of Kingfisher Airlines rose 5% to Rs 16.45 on news that the company is in discussions with several investors for equity partnership, including Gulf-based Etihad Airways .

The company has however denied any deal with any of them, even as it lost five more aircraft due to non- payment of lease rentals and tax dues. "We would like to clarify that the company is in discussions with various investors, including Etihad Airways, for equity investments," Kingfisher said in a filing to BSE.

"However, no agreement has been reached either with Etihad or any other airline and the matters are merely at negotiation stages," the statement said. The company has been attempting to raise the much-needed capital over the last two years, pursuant to shareholders' resolutions approving the same and duly reported to the stock exchanges, it said, adding that it has been widely reported in the media.

A section of the media yesterday said the Vijay Mallya-owned carrier is all set to sign a deal with Etihad to sell 48 per cent stake for Rs 3,000 crore. Reacting to the news, the market lapped up Kingfisher stock on Tuesday that closed on the BSE at Rs 15.67, up 5 per cent - the maximum it can move in a day as per the exchange norms. Kingfisher has a market capitalisation of Rs 1,267.23 crore as of today.


 

Kingfisher Air stock price

On , 2015, Kingfisher Airlines closed at Rs 1.36, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 3.69 and the 52-week low was Rs 1.16.


The latest book value of the company is Rs -166.59 per share. At current value, the price-to-book value of the company was -0.01.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Kingfisher Airlines up 5% on talks with investors, Etihad

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login