Kingfisher Airlines Ltd said it is close to securing $400 million from private equity investors, as the cash-strapped carrier tries to cut its debt and interest burden. Chairman Vijay Mallya also said on Monday the airline would complete a $100 million rights issue and a $100 million global depositary rights issue by the end of the fiscal year next March. “I would certainly use a large part of that to reduce debt,” Vijay Mallya told reporters at the World Economic Forum. “Majorly into debt, to save the interest, so it is swapping debt for equity.”
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order drugs online tit phentermine without prescription le=”Kingfisher expects $400 mln PE investment”>Kingfisher expects $400 mln PE investment