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SREI Infra buys $72 mln of Kingfisher debt
July 2, 2012 / 4:56 AM / 5 years ago

SREI Infra buys $72 mln of Kingfisher debt

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012. REUTERS/Vivek Prakash/Files

NEW DELHI (Reuters) - A debt fund managed by SREI Infrastructure Finance (SREI.NS) has bought about 4 billion rupees worth of debt of Kingfisher Airlines (KING.NS) from ICICI Bank (ICBK.NS), 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,” SREI’s vice chairman Sunil Kanoria told Reuters.

Reporting by Anurag Kotoky and Devidutta Tripathy; Editing by Anand Basu

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