Kingfisher Airlines board yesterday approved measures to raise up to $100 million, largely through global depository receipts, in addition to the INR5 billion ($101.4 million) rights issue approved last month, according to a filing with the Bombay Stock Exchange cited by press reports from India. The board also approved a doubling of the carrier's authorized share capital to INR10 billion. All decisions are subject to shareholder approval. Kingfisher reported a INR2.43 billion ($49.2 ...
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