Srei Infra sinks on recovery of Kingfisher loan

Kingfisher Airlines (KFA) has a debt of about Rs 7,000 crore. Seventeen banks have given loan to KFA which include banks like State Bank of India, Bank of India, Bank of Baroda and Punjab National Bank. Srei Venture Capital a debt fund of Srei Infrastructure had bought out the entire exposure of ICICI Bank, worth Rs 430 crore, in the ailing airlines. The recent deadlock between the management and employees over salaries has made lenders to release some funds from bank accounts that were

Kingfisher Airlines, debt fund of Srei Infrastructure, exposure of ICICI Bank, worth Rs 430 crore, in the ailing airlines.