Kingfisher airlines gets offer from 2 desi investors for rs

The beleaguered Kingfisher Airlineshas received recapitalization offers from two large Indian investors for Rs 800 crore, airline chairman Vijay Mallyasaid. The investor would pick up 24% stake if the deal was clinched, he added.

"There's a deal offer from two Indian investors to recapitalize. We have their termsheets," Mallya told TOI. He declined to specify whether the investors were from large Indian corporate houses. "They are large investors, and I would leave it there," he said.