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Kingfisher Airlines denies report of stake sale to Etihad

Kingfisher Airlines has denied the news item appearing in a leading financial daily titled "Etihad set to buy 48% stake in Kingfisher", Kingfisher Airlines has clarified that the company is in discussion with various investors, including Etihad Airways, for equity investments in the company. However, there is no agreement has been reached either with Etihad or any other airline and the matters are merely at a negotiation stages.

Further, the company has been attempting to raise much-needed capital over the last 2 years pursuant to shareholders resolutions approving the same and duly reported to the stock exchanges, has been widely reported in the media for a long time.

The company made this announcement after the trading hours on 11 December 2012.

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