Unfair for media to write Kingfisher's epitaph: Mallya

November 15, 2011 14:11

Mallya reitereates that the company did not ask the government for a bailout with tax payers money. He says he has asked banks for additional working capital, but it was unfair for the media to write Kingfisher's epitaph.

And in what comes as a relief to Kingfisher employees, Mallya says there will be no layoffs.

Kingfisher has applied to Directorate General of Foreign Trade for direct import of jet fuel.

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