UB to launch top-end version of Kingfisher: Mallya
Published on Tue, Sep 19, 2006 at 16:09 | Source : Moneycontrol.com
Updated at Tue, Sep 19, 2006 at 23:33
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UB to launch top-end version of Kingfisher: Mallya
The UB Group may be facing tough competition from SABMiller who has recently bought out Fosters India, but Vijay Mallya isn't perturbed, reports CNBC-TV18.
The UB Group may be facing tough competition from SABMiller who has recently bought out Fosters India, but Vijay Mallya isn't perturbed, reports CNBC-TV18.
He told shareholders at the AGM that UB Group would launch a top-end version of Kingfisher to compete with Fosters.
Mallya said that the UB Group had seen a sales growth of 22% over the last year. He also told shareholders that the company would invest Rs 400 crore in a phased manner for expansion.
He told shareholders at the AGM that UB Group would launch a top-end version of Kingfisher to compete with Fosters.
