Kingfisher Airlines may sell stock to existing shareholders to raise US$80mn-100mn. The company may also sell GDR for fund raising. The airline plans to raise funds for reducing debt.

Shares of Kingfisher Airlines ended flat at Rs51.95 The stock opened at Rs52.70 and made an intra-day high of Rs54.50 and a low of Rs51. Total traded volumes stood at 3.4mn shares.