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Private Equity | 28 September 2012

SpiceJet Promoter K Maran May Raise Funds To Pay-off Debt

by Paritosh Gajjar
SpiceJet Promoter K Maran May Raise Funds To Pay-off Debt
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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.

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