Kingfisher House put on block again, reserve price reduced to Rs 135 crore

Lenders of Kingfisher Airlines have one again put on block Kingfisher House seeking at least Rs 135 crore. Last time, when banks attempted to sell the headquarters of the defunct airlines, at a reserve price of Rs 150 crore, it did not receive a single bid. Kingfisher owes Rs 7000 crore to lenders. Lenders have fixed August 4 as the last day for submitting electronic bid for the Kingfisher property that is located close to Mumbai’s domestic airport.

Read more: Economic Times