Kingfisher Airlines gains 1% on UB Holdings property sale reports

Kingfisher Airlines BSE 1.58 % Ltd surged over 1 per cent in a choppy trade on Wednesday after private equity giant Blackstone has made an offer to buy out the prime office and retail real estate blocks in its flagship UB City for Rs 550 crore. At 11:15 am, Kingfisher Airlines was trading 1.5 per cent higher at Rs 13.48. It has hit a low of Rs 13.40 and a high of Rs 13.69 in trade today.