SENSEX NIFTY
May 02, 2012, 10.43 AM IST | Source: Reuters

UB Holdings in talks to sell office space:Paper

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 in talks  to sell office space:Paper

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 and United Breweries , apart from debt-laden carrier Kingfisher Airlines, which is desperately looking for funds to continue operations.

The UB Tower in Bangalore, which Mallya is looking to sell, is occupied by companies like Apple

READ MORE ON  UB Holdings, Blackstone, KKR

ADS BY GOOGLE

video of the day

Indian economy to see real turnaround in 6 mths: Madhu Kela

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.