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United Breweries Group Chairman Vijay Mallya said that the group would raise a total of $400 million over the next one year, which includes a $200 million-IPO for its aviation business, Kingfisher Airlines.

"The IPO from Kingfisher Airlines will be coming next year and we intend to raise $200 million through this," Mallya said on the sidelines of the World Economic Forum.

On the spirit business he said the company would be raising $200 million, which would be used for reduction of debt raised for purchasing Shaw Wallace and Company, as well as for funding the merged spirits entity 'United Spirits'. "We expect to complete this by March 2006 and have a variety of options in front of us including going in for private equity placement or FCCBs," he said. (Sify.com)