Kingfisher imposes FII cap to make room for strategic investor

Dec 14 2012, 03:37 IST
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SummaryKingfisher Airlines on Thursday said it planned to cap investments by foreign institutional investors in the company at 3%.

Mumbai-based brokerage ICICI Securities.

Kapil Kaul, CEO-South Asia at aviation consultancy Centre for Asia Pacific Aviation said Jet Airways would be a better fit for Etihad. Buying into Kingfisher would be like starting an airline from scratch, he said Kaul.

On Thursday, Kingfisher's shares closed 4.98% higher at Rs 17.27.

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