SREI Infra Buys Rs 400 Crore of Kingfisher Debt

A debt fund managed by SREI Infrastructure Finance has bought about Rs 400 crore worth of debt of Kingfisher Airlines from ICICI Bank, its vice chairman said.

"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 said.