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Kingfisher Airlines : Trading suspended from Dec. 1st

This article was posted on Nov 8, 2014 and is filed under Market News

Due to not reporting the financial results, BSE and NSE are to suspend the trading of Kingfisher Airlines.

There will be suspension trading of shares of Kingfisher Airlines Ltd. from December 1st as they failed to comply with the rules on reporting financial results by India’s two main stock exchanges i.e. BSE & NSE.

Kingfisher was founded by liquor baron Vijay Mallya. Once it was known as India’s No. 2 carrier but now it has not flown for more than two years due to lack of cash.

Last financial results were reported by the company for the three months ended December 2013.

NSE & BSE will also suspend trading of UB Engineering Ltd. from December 1st.

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