UB Group owned Kingfisher Airlines has decided to raise Rs 500 crore by way of equity. This was decided in the company’s Board meeting held on Tuesday.

The company which has a debt burden of about Rs 6,000 crore says that they are planning to go for a rights and depository issue, for the proposed fund raising.

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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