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Etihad Airways to buy Kingfisher Airlines: Reports

 Etihad Airways to buy Kingfisher Airlines: Reports
Kingfisher Airlines: Quotes, News
BSE 1.3600000143051147BSE Quote0 (0.00%)
NSE 1.2999999523162842NSE Quote0 (0.00%)
Etihad Airways is likely to pick a stake in Kingfisher Airlines for Rs 3000 crores, the Mumbai Mirror has reported.

Shares of Kingfisher Airlines hit the upper end of the circuit filter following the reports. There were only buyers on the counter at Rs 15.60.

Cash strapped Kingfisher Airlines has been in trouble for the last several months, with the company unable to pay salaries and meet other payment obligations.

Read more about: etihad airways
Story first published: Tuesday, December 11, 2012, 10:45 [IST]
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