date:Nov 12, 2012
Currently it owns around 1% share as compared to 55% by USL and thus the consolidation resulting in a top position.
However it will be interesting to see how the money raised will be utilized. On one side there is the struggling-to-fly Kingfisher Airlines and on the other there is USL itself, which is carrying a huge debt burden.
Kingfisher's debt and accumulated losses are higher than the most valued company in the Mallya stable United Spirits, with a value of over R11,000 Cr. Vijay Mallya