Sale of Vijay Mallya’s UBHL shares fetches Rs 1,008 crore https://ift.tt/2uFvhyd - Walletnews For Me

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    Wednesday, March 27, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Sale of Vijay Mallya’s UBHL shares fetches Rs 1,008 crore https://ift.tt/2uFvhyd

    Sale of Vijay Mallya’s UBHL shares fetches Rs 1,008 crore https://ift.tt/2uFvhyd

    The 74 lakh shares of United Breweries Ltd (UBL) sold by the agency were held by United Breweries Holding Ltd (UBHL) and were pledged by Mallya to Yes Bank as security against a loan taken by his defunct Kingfisher Airlines. The money realized will help a consortium of government banks led by the SBI to recover loans turned NPAs exceeding more than Rs 9,000 crore.
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