Kingfisher falls as lenders to initiate loan recovery
MUMBAI (Reuters) - Shares in Kingfisher Airlines (KING.NS) fell to the maximum daily limit of 5 percent on Wednesday after lenders said they would initiate recovery proceedings against the defaulting carrier.
Shares were down 5 percent at 10.55 rupees.
(Reporting by Manoj Dharra; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this