Question Details

Will Mukesh Ambani step in to save Kingfisher Airlines?

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Will Mukesh Ambani step in to save Kingfisher Airlines?

Asked by: Super UserStephen Tilley in Business » Deals
Settled on 05/31/2013 06:08 Settled by Super Userkruijs
Winning option:Yes Reliance Industries’ Mukesh Ambani had made an investment of about Rs 135 crore into this venture. Industry experts say the execution of the strategy did not fall into place for Deccan Cargo, owing to which Gopinath couldn’t carry the venture business.

http://www.business-standard.com/article/finance/sbi-to-auction-gopinath-s-assets-to-recover-dues-113050300821_1.html

Predictions

Yes
Yes
No
No

Background

http://www.firstpost.com/business/will-mukesh-ambani-step-in-to-save-kingfisher-airlines-271902.html

Will financially distressed Kingfisher Airlines finally be rescued? And will its white knight in shining armour be Reliance Industries’ Mukesh Ambani?

If the current buzz is to be believed, that’s quite possible. Two media reports, one in Business Standard and another in Hindu Business Line, speculate that Ambani, India’s richest man, might be close to buying a stake in the sinking airline.

“The buzz has grown louder after Mallya was seen walking up to Ambani during an IPL match,” the Business Standard report said. “For the last 48 hours, group SMSes and street talk have intensified that what started at the cricket stadium will end in the boardroom.” Not surprisingly, Kingfisher’s stock also jumped 7.5 percent to Rs 18.65 on Wednesday on the rumour.

Find similar: India, Kingfisher, Mukesh Ambani, Kingfisher Airlines, Mukesh, Ambani, KFA

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   Super UserStephen Tilley

On this topic - I think the following indicates what we should keep this suspended but not settled.

/www.indiatribune.com/index.php?option=com_content&view=article&id=8698:kingfisher-airlines-finds-a-savior-in-mukesh-ambani&catid=123:business&Itemid=489

"If the speculations are to be believed, Reliance Industries’ Mukesh Ambani could well be Kingfisher’s white knight in shining armor.

In accordance to the media reports by Business Standard and Hindu Business Line, the richest man in India, Mukesh Ambani is closing in to buy a stake in the sinking airline."

   Super UserStephen Tilley

http://www.forbes.com/sites/kenrapoza/2013/03/26/on-verge-of-bankruptcy-kingfisher-airlines-loses-airplanes/

It looks like the airline is now beyond rescue

   Super UserStephen Tilley

October 15, 2012

http://www.indiatribune.com/index.php?option=com_content&view=article&id=8698:kingfisher-airlines-finds-a-savior-in-mukesh-ambani&catid=123:business&Itemid=489

One of the most commonly asked question in relation to the sinking Kingfisher Airlines platoon seems to have been answered. If the speculations are to be believed, Reliance Industries’ Mukesh Ambani could well be Kingfisher’s white knight in shining armor.

In accordance to the media reports by Business Standard and Hindu Business Line, the richest man in India, Mukesh Ambani is closing in to buy a stake in the sinking airline.

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