New Delhi, Aug 31 (IANS) Kingfisher Airlines Tuesday said it plans to raise up to Rs.5,000 crore ($1billion) through either preference shares, equity shares or global depository receipts (GDRs).
The compamy in a statement said it would raise the capital ‘through various instruments including preference shares or equity shares or GDRs or such other instruments subject to the approval of the shareholders’.
The company also said that it will seek the approval of the shareholders for increasing the authorised share capital from current Rs.1,000 crore to Rs.4,250 crore.
Kingfisher’s debt as on March 31, 2010 stood at Rs.6,000 crore.
