<p>Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor.<br /><br /></p>.<p>"I expect this to take some form or shape in the next 90 days. That is my own estimate,"Mallya told reporters after the company's annual shareholders meeting.<br /><br />Mallya has said several times in the past that the company was in talks with potential investors, but the plans have not materialised so far.</p>
<p>Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor.<br /><br /></p>.<p>"I expect this to take some form or shape in the next 90 days. That is my own estimate,"Mallya told reporters after the company's annual shareholders meeting.<br /><br />Mallya has said several times in the past that the company was in talks with potential investors, but the plans have not materialised so far.</p>