TPG interested to pick up stakes in Kingfisher: Sources

Private equity player TPG has evinced interest in picking up stakes in Kingfisher Airlines , sources told CNBC-TV18. The company which has suspended its operations due to financial crunch and other related issues has time and again told media that it is in talks in foreign players to infuse the much-needed equity into the airline.

Sources further said that TPG which is the only firm which has shown interest in KFA is considering 9-10% stake in the airlines. The UB Group which owns KFA is keen to sell 24% stake to a consortium of PE investors. It is also leanrt that stake sale will happen via fresh issue.

However, it is not independenlty confirmed by TPG and the UB Group that anything of the sort has happened. for more details..

Meanwhile, promoters hold 35.83% stake in KFA of which chairman Vijay Mallya owns 1.87%.

The airline is expected to submit a comprehensive revival plan to lenders soon. If it presents a convincing survival plan to bankers who have lent around Rs 8,000 crore to the company, it will take around six months for the airline to turnaround.

Anda sedang membaca artikel tentang

TPG interested to pick up stakes in Kingfisher: Sources

Dengan url

https://kesehatanda.blogspot.com/2012/11/tpg-interested-to-pick-up-stakes-in.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

TPG interested to pick up stakes in Kingfisher: Sources

namun jangan lupa untuk meletakkan link

TPG interested to pick up stakes in Kingfisher: Sources

sebagai sumbernya