India's Kingfisher shares hit record low, restart chances seen weak
MUMBAI, April 16 |
(Reuters) - India's Kingfisher Airlines Ltd
shares fell as much as 4.8 percent to a record low of
6.90 rupees and headed for a third consecutive losing session on
fears regulators may not allow the carrier to restart
operations, two dealers said.Grounded Kingfisher Airlines submitted a plan on April 10 to India's aviation regulator to restart operations.
Kingfisher shares were down 4.1 percent at 6.95 rupees as of 0411 GMT. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
PREETI CHAUHAN
PGDM 2sem
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