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Mallya's stake in Kingfisher Airlines drops below 10%
On Wednesday, IDBI Trusteeship invoked and transferred pledged equity shares worth 7.31 per cent in Kingfisher Airlines to the depository account of lenders. As a result, UB Group chief......
Kingfisher Airlines' lenders look to sell USL shares
Lenders to the UB Group-owned Kingfisher Airlines have stepped up their efforts to get back their Rs 6,000 crore (Rs 60 billion) loan to the now-grounded airline. IDBI Trusteeship Services, in its......
UB Group takes lenders to court
UB Holdings Ltd and its chairman, Vijay Mallya, have taken the company’s 17 lenders, including SBI Caps Trustee Company, to the Bombay High Court against the recovery process initiated by......
Markets end down dragged by metal, banks
Benchmark share indices ended lower, amid a volatile trading session, weighed by weakness among Metal, Banks and Capital Goods shares. Weak performance of the global markets also dampened the......
Pledged shares haunt promoters
Pradeep Jain, chairman of Delhi-based Parsvnath Developers, must be a worried man. Share prices of his firm have halved in the past five sessions, wiping off Rs 750 crore (Rs 7.5 billion) of its......
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