Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The lenders have not ruled out selling the property to recover part of their loans to the company.
The employees have alleged that Mallya, who has been giving them false promises, has been able go away scot free by eliciting "political favours".
Diageo may not be able to recover $135 mn loan from Mallya firm
The bankers also alleged that the Rs 594-crore claim at this point of time is a clear-cut tactics of UBHL to delay the process of justice, knowing fully well that the case is on the verge of disposal.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
In 2012, Diageo signed a deal to buy stake in USL.
The broader markets also ended lower in line with the benchmark indices
Banks have been struggling hard to recover dues from grounded Kingfisher Air.
Tendering the shares in an open offer will lead to higher taxation.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
IT, pharma and FMCG stocks are the top performers in 2013.
Five years after the Dutch brewer took 37.4% in Vijay Mallya's UB, it has bought another 1.35%.
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Diageo, under a share purchase agreement (SPA) with UBHL and various other sellers, had acquired 21,767,749 shares (14.98 per cent) in USL
- I think it's a 'No' at this point of time, purely based on the whole negative aura that has been generated
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The consortium led by SBI has also initiated the process of recovery.
Sebi issued final observations, necessary for the offer and the deal as a whole to go through, on May 21.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Ten stocks that can reap you a fortune
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
A week after lenders invoked more of pledged shares, they did so again.
Sensex rises, snapping two-session losing streak; banks, auto gain.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
Diageo-led United Spirits pulls out one more lifeline from UB Holdings.
Several of his lenders have a lot to answer for.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
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