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Kingfisher Finvest

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Mallya sells more shares in Kingfisher Airlines

Kingfisher Finvest India, owned by Vijay Mallya, has sold 16 million shares in grounded Kingfisher Airlines. The sale is the second in a fortnight by the company, bringing down its holding in the......

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......

2 Kingfisher promoters release 5.64 crore pledged shares

Grounded carrier Kingfisher Airlines on Wednesday said promoters United Breweries Holdings and Kingfisher Finvest India have released about 5.64 crore pledged shares. United Breweries Holdings,......

Banks told to recover Rs 6,203 crore from Mallya

The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines. The Debt Recovery......

Mallya received part of Diageo funds in offshore accounts

In 2012, Diageo had paid Rs 3,635 crore to Mallya for his 19.3 per cent stake in United Spirits. Vijay Mallya, chairman of UB group, received part of the proceeds from the sale of shares in United......

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