The debt recast by Kingfisher Airlines Ltd. is expected to help attract investors to the airline’s intended $250 million global depository receipt issue, though the company will have to wait for better market conditions for the GDR issue, say analysts. A consortium of 13 lenders to Kingfisher has taken a 23.37% stake in India’s second-biggest airline by market share after the airline restructured part of its 76.51 billion rupees ($1.7 billion) debt, the company said in a filing to the ...
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