ICICI sells entire Rs430cr KFA loan to Srei Infra's debt fund
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ICICI sells entire Rs430cr KFA loan to Srei Infra's debt fund

Bangalore : India | Jul 02, 2012 at 2:18 AM PDT
Source: Daily News & Analysis
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Bank, worth around Rs430 crore, in the crippled Kingfisher Airlines. Srei Infra Finance group chief financial officer Sanjeev K Sancheti confirmed the deal to PTI over phone from Kolkata and described the asset as "a good buy as it is a fully secured debt." FULL ARTICLE AT Daily News & Analysis
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Chairman and CEO of India's Kingfisher Airlines, Vijay Mallya
Chairman and CEO of India's Kingfisher Airlines, Vijay Mallya
 
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  • Aviation crisis: Lenders losing patience with Kingfisher Airlines

    The Economic Times
    Lenders to India's beleaguered Kingfisher Airlines are losing hope it will be able to bring in outside investment anytime soon and may sell assets held against their loans, three bankers said on Monday...It is now the smallest carrier by market share...
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    After excluding the shares they have pledged, the promoters hold a meagre 3.55 per cent in the crisis-ridden airline. As per the latest shareholding disclosure by the company, the promoters hold 35.86 per cent, down from about 43 per cent in April...

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