Labelled a willful defaulter by banks, Mallya owes lenders Rs 8,191 crore as on December 31, 2016, according to a written reply in the Rajya Sabha by Minister of State for Finance Santosh Kumar Gangwar.
Liquor baron Vijay Mallya received a major blow from the Karnataka High Court yesterday when it ordered winding up of the United Breweries Holdings Limited (UBHL), the holding company of UB Group for recovery of defunct Kingfisher Airlines losses owed to consortium of bank led by State Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy SBI, Voltas, Indiabulls Housing Finance and Hindustan Unilever and sell United Spirits and United Breweries Holdings.
In a bid to save the company, United Breweries Holding Limited (UBHL) has filed an appeal in the Karnataka High Court seeking to set aside the winding up order against it, sources say.
Idea Cellular | Axis Bank | Kotak Mahindra Bank | Hindustan Unilever | McNally Bharat | Havells | BPCL | GPT Infra | Mangalam Drugs and GSK Pharma are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Titan, Kopran, Vaibhav Global, Ansal Properties & Infra, Bal Pharma, Narmada Gelatines, Hitech Plast and United Breweries Holdings.
A CBI special court on Tuesday adjourned the case pertaining to the bail pleas of the nine officials arrested in connection with the alleged wilful default of the Kingfisher Airlines and IDBI Bank loan on Monday. The court also extended the judicial custody of the officials till February 20, when it will hear the matter.
In yet another blow to Vijay Mallya, the Karnataka High Court ordered winding up of United Breweries Holdings, the parent company of the UB Group. The court said UBHL‘s assets can be sold to recover dues payable by UBHL-promoted Kingfisher Airlines.
ICICI Bank | ONGC | Tech Mahindra | Narayana Hrudayalaya | UCO Bank | Asahi Songwon | IFB Industries | Wonderla Holidays | Bajaj Holdings | Bank of Maharashtra | InterGlobe Aviation | Firstsource Solutions | Sobha | Wockhardt | Cadila Healthcare | Infibeam Corporation and Sona Koyo are stocks, which are in the news today.
In a setback to Vijay Mallya, the Debt Recovery Tribunal (DRT) Thursday allowed SBI-led consortium to petition against the liquor baron. The tribunal has ordered payment of Rs 6,203 crore.
Sun Pharma | Maruti Suzuki | Redington | Sasken Communications | Voltamp Transformers | Strides Arcolab | JK Paper | Edelweiss Financial | Tata Metaliks | Hinduja Ventures | Suzlon Energy | Mahindra & Mahindra Financial and Hinduja Ventures are stocks, which are in the news today.
A special anti-money laundering court here has confirmed an attachment of assets order worth Rs 1,411 crore issued by the ED against UBHL and others in connection with its money laundering probe against liquor baron Vijay Mallya and others.
Besides, the exchange has also tweaked the circuit limit of 19 other companies noting an unusual volatility in the scrips.
The villa was owned by United Breweries Holdings, one of the Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.
The liquor baron left the country in March and is currently said to be living in Britain.
Vishal Malkan of malkansview.com recommends selling Voltas with a target of Rs 375 and Jet Airways with a target of Rs 460.
Rakesh Bansal of RK Global is of the view that one may buy Apollo Tyre with a target of Rs 248.
The shareholders of the company at its Annual General Meeting (AGM) passed the resolution for "contract with UBL in respect of purchase of goods and material from them (including purchase of beer)," UBHL informed the BSE.
Beleaguered liquor baron Vijay Mallya today said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.
Mallya, who is the Chairman of the company, is wanted in India in connection with loan default of over Rs 9,000 crore from various banks linked to the defunct Kingfisher Airlines, has been based in the UK since March this year.
Mangalore Chemicals and Fertilisers (MCFL) shares jumped nearly 17 percent intraday Wednesday after shareholders rejected transaction with Zuari Agro Chemicals (ZACL).
Infosys | Dr Reddy's Labs | Hotel Leelaventure | Edelweiss Financial | Castrol India | Reliance Infrastructure | NBCC | Mangalam Cement | Lloyd Electric | GTL Infrastructure | NTPC | JSW Energy | Jubilant FoodWorks | United Breweries Holdings and McDowell Holdings are stocks, which are in the news today.
FPI holdings in BSE-200 index stood at USD 291 billion in the January-March quarter, this year.
The company's AGM will be held on September 29 in Bengaluru. Besides, the company has proposed re-appointment of one of its directors, Daljit Mahal, who is retiring by rotation.
United Breweries Holdings Ltd (UBHL) has appointed an arbitrator in its dispute with its erstwhile group company United Spirits Ltd (USL), now controlled by Diageo, over Rs 1,337.41-crore loan agreement.