SREI Infra buys $72 million of Kingfisher debt

Jul 02, 2012 |

Reuters

New Delhi

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A debt fund managed by SREI Infrastructure Finance has bought about Rs 4 billion worth of debt of Kingfisher Airlines from ICICI Bank, its vice-chairman said on Monday.

"There was an opportunity because of the various securities package and returns which were coming along with it, so based on that, the fund saw an opportunity," according to SREI's vice-chairman Sunil Kanoria.

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