United Breweries Holdings can test Rs 100: Tulsian

United Breweries Holdings can test Rs 100, says SP Tulsian, sptulsian.com

Tulsian told CNBC-TV18, "I have been maintaining my positive view on the UB group per se if you recall on United Breweries, on United Spirits because I take this as a compulsion for Vijay Mallya to settle the disputes of Kingfisher airlines because for a debt of about Rs 6-7000 crore which is the total debt in the books of Kingfisher Airlines. He cannot allow his entire empire to get ruined which is currently valued at close to about Rs 20-25000 crore because part of the stakes whether you talk of United Spirits or United Breweries, UB Engineering or Mangalore Chemical. Some of the stakes or all are pledged with the banks for giving financial assistance to Kingfisher Airlines and I am expecting that whatever fund mobilization which Vijay Mallya will be making will be made partly from his own personal sources because take for instance United Spirits the 26-27% stake partly held by United Breweries Holding and partly by Vijay Mallya as well."
He further added, "Same case is for United Breweries, again the 37% stake partly held by United Breweries Holding, partly by Vijay Mallya. So I don