business

In talks with PE firms to raise $600m: Lanco Infratech

Talking about the company's high debt burden, G Venkatesh Babu, Managing Director of Lanco Infratech said interest rate hike is plaguing the entire infrastructure sector. "The rise in interest rates from 9% to 14% is the cause of the current pressure," he said in an interview to CNBC-TV18.

first published: Dec 26, 2011 01:20 pm