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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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