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

by Paul Joseph on February 13, 2013 · 0 comments

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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