Bangalore: A winding-up petition has been admitted in the Karnataka High Court against Vijay Mallya’s grounded carrier Kingfisher Airlines Limited. Justice Ananda Byrareddy admitted the petition filed by a consortium of banks led by State Bank of India ... IndiaTV News, 1 month ago
Dutch brewing giant Heineken is understood to be in various stages of discussion with UB Group chairman Vijay Mallya to gain more control over India's largest brewer, United Breweries. Mallya, during the past two days, had ceded a marginal stake in it, allowing Heineken to be the single largest shareholder. It is understood that lenders to the UB Group, which hold shares of UBL as pledged securities, are looking to encash these, as the UB Group has been facing difficult times in repaying debt, ...Rediff.com, 2 months ago Heineken takes a bigger swig of UB Rediff.com, 2 months ago
Vijay Mallya has more reason to be worried. The Friday order of the high court here has dragged Diageo into his battle with creditors and also thrown into jeopardy the liquor baron’s holdings in United Spirits Ltd (USL).On Friday, the HC had ruled as void a part of the sale of shares of USL by Mallya’s United Breweries Holdings Ltd (UBHL) to Diageo, the world’s largest distiller.The sale came when Mallya was trapped in a sea of debt, mainly as a result of the losses his ...Rediff.com, 2 months ago
About a year after Kingfisher Airlines shut shop, the only one still confident of a revival of the airline is Chairman Vijay Mallya. Just two months ago, the flamboyant promoter of Kingfisher Airlines and the UB group announced he was in talks with an investor to sell the airline. He had given a deadline of 90 days for the sale. But as days pass, few share Mallya’s optimism. Slowly, Indian banks are realising they aren’t left with much, in terms of their loans to the airline.Rediff.com, 2 months ago
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