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Aug 13, 2012, 03.37 PM IST
Prakash Diwan, Prakash Diwan's Wealth Circle view on UB Group.
Prakash Diwan, Prakash Diwan's Wealth Circle view on UB Group.
Diwan told CNBC-TV18, “Honestly, I don’t know what's happening to Kingfisher but possibly there is some sort of a respite that package that could be getting worked out with the United Spirits and United Breweries balance sheet and that could possibly be something that we have been hearing in terms of the stake sale finally getting through but honestly it’s a dead cat bounce that Kingfisher is showing and its probably time for the people to exit if they are still trapped in that, but nothing much to it.”
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