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Oct 20, 2012, 05.37 PM IST
SP Tulsian of sptulsian.com, says that DGCA suspending licence of KFA will have a negative effect on Kingfisher Airlines stock. However it will be positive for United Spirits, United Breweries Holding.
SP Tulsian of sptulsian.com, says that DGCA suspending licence of KFA will have a negative effect on Kingfisher Airlines stock. However it will be positive for United Spirits and United Breweries Holding .
Below is the edited transcript of his interview. Q: How do you think will the UB Group stocks react on Monday? A: This suspension will have a negative effect on Kingfisher Airlines. But if you take a pragmatic view, UB group will expedite for execution of stake sale process in United Spirits Ltd at the earliest to Diageo.
They need to mobilize at least Rs 2,500 to Rs 3,000 crore for a composite scheme of settlement with employee, part payment of debt to the banks and paying the salaries to the employees and bringing in some working capital for resumptions of the operations. This amount will only realize post stake sale in United Spirits, which is estimated to be about 15 percent. This news will be positive for United Spirits, United Breweries Holding but negative for Kingfisher Airlines.
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