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.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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