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.
Nimbus Communication along with other promoters is planning to sell 100% stake in Neo Sports Broadcast and is in talks with couple of buyer in India and abroad for sale. The deal is likely to be closed by next calendar year.