Kingfisher IPO only after it breaks even

Bangalore: United Breweries Group chairman Vijay Mallya on Tuesday said Kingfisher Airlines would go in for an initial public offering (IPO) only after it achieved break-even, which is expected in 2007-08.
"Kingfisher Airlines is not IPO-dependent. We are fully funded. We have all our financial arrangements locked up", he told reporters in response to questions after the annual general meeting of United Breweries Limited.
19/09/06 Zee News

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