NEW DELHI (Reuters) - India’s Kingfisher Airlines (KING.BO) is in advanced talks with private equity firms to raise $400 million, its chairman said on Monday.
“The current discussions are about… for $400 million,” Vijay Mallya told reporters at the World Economic Forum.
Mallya also said a $100 million rights share issue and a $100 million global depository receipts issue would be completed by the end of the fiscal year. (Reporting by C.J. Kuncheria; Editing by John Mair)