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About 1 results for "vijay mallyarsquo"

Mallya ready to smoke the peace pipe with banks
Rediff.com

Mallya ready to smoke the peace pipe with banks

  A source close to the UB group said Mallya was willing to settle with the public-sector banks by selling part of his stake in various companies and assets based in India and abroad. In a major relief for Indian banks, Vijay Mallya, chairman of the beleaguered UB group, wants to settle his dues with banks and plans to initiate formal negotiations in the next few weeks. Mallya’s willingness to settle the dues comes after the Central Bureau of Investigation stepped up efforts to ... Rediff.com, 2 months ago
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