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Kingfisher Airlines assets worth Rs 1,000 crore sold: SBI
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May 6, 2013, 1:01:56 PM5/6/13
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Kingfisher Airlines assets worth Rs 1,000 crore sold: SBI
Monday, May 6, 2013
SBI (State Bank of India) today said the consortium of
lenders has recovered Rs 800-1,000 crore and is making
all efforts to recover the remaining dues from
beleaguered Vijay Mallya-led Kingfisher Airlines.
"KFA recoveries are going on. We have substantial amount
of recoveries. Total recoveries for banks more than Rs
800-1000 crore," SBI Chairman Pratip Chaudhuri said here.
The consortium of 17 banks, led by SBI, has an
outstanding of over Rs 7,000 crore from the carrier. It
has shares of listed entities like United Spirits as
collateral which should realise Rs 500 crore. That apart,
lenders have the brand Kingfisher as a security.
Continues at:
http://www.indianexpress.com/news/kingfisher-airlines-assets-worth-rs-1000-crore-sold-sbi/1112164/
Jai Maharaj, Jyotishi
Om Shanti
http://groups.google.com/group/alt.fan.jai-maharaj
Monday, May 6, 2013
SBI (State Bank of India) today said the consortium of
lenders has recovered Rs 800-1,000 crore and is making
all efforts to recover the remaining dues from
beleaguered Vijay Mallya-led Kingfisher Airlines.
"KFA recoveries are going on. We have substantial amount
of recoveries. Total recoveries for banks more than Rs
800-1000 crore," SBI Chairman Pratip Chaudhuri said here.
The consortium of 17 banks, led by SBI, has an
outstanding of over Rs 7,000 crore from the carrier. It
has shares of listed entities like United Spirits as
collateral which should realise Rs 500 crore. That apart,
lenders have the brand Kingfisher as a security.
Continues at:
http://www.indianexpress.com/news/kingfisher-airlines-assets-worth-rs-1000-crore-sold-sbi/1112164/
Jai Maharaj, Jyotishi
Om Shanti
http://groups.google.com/group/alt.fan.jai-maharaj
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