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Kingfisher falls as lenders to initiate loan recovery

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Reuters Delhi, India

MUMBAI (Reuters) - Shares in Kingfisher Airlines fell to the maximum daily limit of 5 percent on Wednesday after lenders said they would initiate recovery proceedings against the defaulting carrier.

Shares were down 5 percent at 10.55 rupees.

(Reporting by Manoj Dharra; Editing by Anupama Dwivedi)

 

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First Published: Feb 13 2013 | 9:33 AM IST

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