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Kingfisher Airlines announces updates on revision in FII limits

Kingfisher Airlines has announced that the decision made by the board of directors of the company at its meeting held on 12th December 2012 was that investment/ shareholding in the aggregate by foreign institutional investors (FII), qualified foreign investors and other non-strategic foreign investors (excluding investment by NRI) taken together, shall not, with immediate effect, be permitted beyond 3% of the paid up equity share capital of the company or such other percentage that the board may decide from time to time under intimation to the stock exchanges. This restriction shall be valid till such time as the board may decide from time to time which shall be intimated to the stock exchanges appropriately.

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