As per some media reports, Sahara group is all set to help Kingfisher Airlines by giving a loan of more than Rs 250 crore to continue their operations.
Kingfisher, India’s third largest airline owned by Vijay Mallya ‘s UB group, has been struggling to raise funds to continue operations and repay debts of Rs 6,500 crore.
Kingfisher needs to raise at least $160 million in equity to get out of this situation.
There has been no official confirmation from either Kingfisher Airlines or the Sahara group yet.
Tags: Force India Kingfisher Airlines Sahara india Vijay Mallya