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HDFC plans to find buyer for Kingfisher Airlines non-core assets: reports

India Infoline News Service/ 08:51 , Jul 12, 2012

Reports stated that the consortium of 17 banks has agreed to Kingfisher Airlines roping in HDFC to do the valuation of these two properties.

Mortgage lender HDFC is planning to find a buyer for the  Kingfisher Airlines’ non-core assets — Kingfisher House in Mumbai and the promoters’ villa in Goa, according to reports.

Reports stated that the  consortium of 17 banks has agreed to Kingfisher Airlines roping in HDFC to do the valuation of these two properties.

The airlines is looking to liquidate non-core assets as part of its efforts to repay the debt raised from banks, says report.

 



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