Banks are likely to infuse around Rs 1000 crore equity in Kingfisher Airlines, say CNBC-TV18 sources. Banks have also agreed to give a working capital loan of Rs 400 crore to the loss-laden airline.
Sources in the know say that the airline’s lenders will take a final call on the new debt restructuring package, a little later.
After much deliberation on the technical and the financial viability reports prepared by SBI Cap, it is understood that lenders have taken this decision.
In the last quarter, some banks including SBI had classified Kingfisher as non-performing asset (NPA). In fact, SBI had also part sold its stake in Kingfisher.
Did You Read: Kingfisher Airlines CEO to appear before DGCA
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.
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