Serial entrepreneur and venture capitalist Srini Raju today reiterated his interest in liquidity-hit Deccan Chronicle Holdings Ltd.
Founder of private equity and venture fund Peepul Capital, Raju said Deccan Chronicle was a good brand and the media business was profitable. “However, we have to understand the debt level to a visibility level. There is no balance sheet, and we are awaiting response from the bankers,” he said.
Speaking on the sidelines of Indian Leadership Summit at the Indian School of Business, Raju, who has had several successful investments in the past, said lack of clarity on the financials of Deccan Chronicle was one of the hurdles in making further moves.
Raju had earlier expressed his interest in investing in Deccan Chronicle after it becme known that there was a liquidity crisis at the group and several bankers initiated proceedings against the it for recovery, including winding-up petitions. The Deccan Chronicle scrip closed today at Rs 5.59, up 4.49 per cent.