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ICICI Bank sells Kingfisher debt

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ICICI Bank sells Kingfisher debt

ICICI Bank has sold its entire Rs 430-crore debt exposure in Kingfisher Airlines (KFA) to a debt fund of Srei Venture Capital (SVCL), the fund management arm of Kolkata-based Srei Infrastructure Finance. The loan includes collateral comprised of shares of UB Group, which is why the bank was able to ...

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