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MARKET UPDATE
Kingfisher shares drop after licence suspension
Mon, 22 Oct 2012 09:32:00 +0530
Business Standard Economy Policy News

Shares in Kingfisher Airlines Ltd dropped 4.8 percent on Monday, after its licence was suspended on Saturday.

Kingfisher's licence was suspended after it failed to address the regulator's concerns about its operations, forcing the debt-laden carrier to stop taking bookings.
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