Kingfisher to raise $100m through GDRs

Kingfisher Airlines plans to raise more than $100 million (Dh367m) by selling global depository receipts, Ravi Nedungadi, Chief Financial Officer of UB Group, the airline's parent, said in Bangalore yesterday. The airline expects to post profit before interest, taxes, depreciation and amortszation in the fiscal year that began April 1.