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UB Holdings is in talks with private equity funds Blackstone and Kohlberg Kravis Roberts to sell some of its commercial real estate for Rs 650 crore, the Times of India newspaper reported on Tuesday citing unnamed banking sources.
UB Holdings, controlled by flamboyant liquor baron Vijay Mallya, is part of the UB Group that owns majority of United Spirits
The UB Tower in Bangalore, which Mallya is looking to sell, is occupied by companies like Apple
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