Diageo deal could pull Kingfisher back

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Shares in Kingfisher have gained nearly 15% in three sessions since the United Spirits deal. (Reuters) Shares in Kingfisher have gained nearly 15% in three sessions since the United Spirits deal. (Reuters)
SummaryShares in Kingfisher have gained nearly 15% in three sessions since the United Spirits deal.

their financial strength, expertise in running successful airline models and deep interest in the Indian market, well, it's anybody's guess.

But time is not on Mallya's side: the Indian government has warned that it will not renew Kingfisher's licence if it fails to provide a turnaround plan by the end of December.

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