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)
Trending On Reuters
Over a dozen debt-laden farmers have committed suicide in recent weeks in India, and discontent in many rural areas against government policies is turning into anger against Prime Minister Narendra Modi less than a year after he swept into office. Full Article