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.
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.