Monday, April 20, 2020

Vijay Mallya saga: Endgame for ‘the King of Good Times’ but what next for his lenders?

Vijay Mallya saga: Endgame for ‘the King of Good Times’ but what next for his lenders? Mallya#39;s holding in United Breweries is 11.04 percent which has a value Rs 2,696 crore and that of United Spirits (1.52 percent) at Rs 582 crore. In total, if banks manage to sell these share holdings on April 20, banks would get Rs 3,278 crore.​rnrnBut selling these shares and recovering money isn’t that easy.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/vijay-mallya-saga-endgame-for-‘the-kinggood-times’-butnext-for-his-lenders_13692721.html

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