Monday, December 14, 2015

GVK to rejig airport debts worth Rs 9400cr via 5:25 route

Infrastructure giant GVK Group may be set to undergo one of its largest ever debt restructuring drive for its airport business worth a whopping Rs 9400 crore via the 5:25 route.
The company is planning to restructure the debt of its Bengaluru & Mumbai airport and has approached public sector lender State Bank of India  (SBI) to participate as third party for the Bengaluru debt restructuring.
ICICI Bank  is the consortium leader for Bengaluru airport restructuring while IDBI Bank  will be the consortium leader for the Mumbai airport.
14/12/15 CNBC-TV18/money control
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