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Creditors to meet today

Bankers will meet senior Kingfisher executives on Tuesday to discuss options to recast and reduce the debt burden. HT reports.

india Updated: Nov 14, 2011 21:48 IST
HT Correspondent
HT Correspondent
Hindustan Times
Hindustantimes
         

Bankers will meet senior Kingfisher executives on Tuesday to discuss options to recast and reduce the debt burden.

Banks are likely to push for fresh fund raising of around Rs 800 crore, if the airline want a next round of funds from lenders.

"We have asked Kingfisher to raise some fresh funds if banks are to at all consider their request for restructuring" said Hemant Contractor, MD, SBI.

First Published: Nov 14, 2011 21:45 IST