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Kingfisher falls as lenders to initiate loan recovery
February 13, 2013 / 4:07 AM / in 5 years

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.

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012. REUTERS/Vivek Prakash/Files

    Shares were down 5 percent at 10.55 rupees.

    Reporting by Manoj Dharra; Editing by Anupama Dwivedi

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