Lenders decide to recall loans from Kingfisher Airlines; stock slump 5%

The consortium of lenders to Kingfisher Airlines on Tuesday announced their decision to recover outstanding loans from the grounded airline, in a move that dragged the beleaguered airline’s shares down. In early trade on Wednesday, the stock slipped more than 5 per cent to Rs 10.58 a share on the Bombay Stock Exchange (BSE). Kingfisher shares had jumped nearly 10 per cent over the past two days, following suffering a loss of as much as 26 per cent in the past month. read more

The consortium of lenders to Kingfisher Airlines on Tuesday announced their decision to recover outstanding loans from the grounded airline, in a move that dragged the beleaguered airline’s shares down. In early trade on Wednesday, the stock slipped more than 5 per cent to Rs 10.58 a share on the Bombay Stock Exchange (BSE). Kingfisher shares had jumped nearly 10 per cent over the past two days, following suffering a loss of as much as 26 per cent in the past month. read more

[via Stock Watch – Stock Specific News]

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