Kingfisher shares at new record low as FDI hopes wane

Kingfisher Airlines hit a new record low of Rs 14.25, as it heads for a fifth consecutive losing session, on waning hopes the government will allow foreign carriers to invest in the domestic sector anytime soon.

Kingfisher was last down 3%, after dropping 10.4% on Monday, following comments from a minister that the cabinet is unlikely to consider the FDI proposal before the end of May.