SpiceJet Promoter K Maran May Raise Funds To Pay-off Debt
by Paritosh Gajjar
Kalanithi Maran may raise around R400-500 Cr from the market to retire the debt raised from banks for operational needs.
The SpiceJet promoter hinted at a few MNC banks including a European one to find investors, according to ET. It also mentioned that the promoter is willing to collateralise @Sun_TV shares along with real estate assets of the group.
However, Sun Group's CFO, SL Narayanan denied any such plans of the promoter.
With the Japanese interest tale continuing in the country, Panasonic Corporation is forming a 60:40 JV with Minda Industries to develop, manufacture and sell lead acid storage batteries in India with an investment of INR 1,600 Mn.
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