As many as four banks are contemplating selling assets of beleaguered air carrier Kingfisher AirlinesBSE 3.03 % to asset reconstruction companies (ARCs) to recover part of their dues. Led by SBI, the 17 bank consortium is struggling to recover Rs 6,963 crore debt due from Kingfisher Airlines. “Three-four banks are looking for stake sale to ARCs to realise some value out of Kingfisher Airlines assets that they posses,” sources said. Without disclosing the names of the .. Read more at: http://economictimes.indiatimes.com/articleshow/51055326.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesFour banks plan to sell Kingfisher Airlines’ assets to ARCs.
Industry: Banking 2016-02-22
