New Delhi: Over two lakh investors are estimated to be stuck with shares of long- grounded Kingfisher Airlines even as its lenders are now eyeing the Rs 515-crore bounty sealed by main promoter Vijay Mallya as part of a 'sweetheart deal' to exit United Spirits.
Diageo, the new owner of United Spirits Ltd (USL), has in return agreed to absolve Mallya of all his "personal liabilities' with regard to alleged financial irregularities relating to dealings with UB Group entities.
But, USL has asserted that the recovery of loans worth Rs 1,337 crore would be pursued from United Breweries Holdings Ltd (UBHL) through "dialogue or other legal means".
Interestingly, UBHL is now left with a total market value of just about Rs 148 crore although it continues to have more than 51,000 public shareholders including over 50,000 small retail investors.
Other shareholders include 14 mutual funds, 14 banks/ financial institutions, 10 foreign portfolio investors, one insurer, one government entity and nearly 100 HNIs.
The total number of public shareholders has come down from over 56,000 a year ago, including over 53,000 small retail investors and nearly 175 HNIs.
In case of Kingfisher Airlines, the trading in its shares have been suspended for long due to its non-compliance to various listing requirements including its failure to make timely disclosure of shareholding data and other details.
28/02/16 PTI/Business Standard
To Read the News in full at Source, Click the Headline
Diageo, the new owner of United Spirits Ltd (USL), has in return agreed to absolve Mallya of all his "personal liabilities' with regard to alleged financial irregularities relating to dealings with UB Group entities.
But, USL has asserted that the recovery of loans worth Rs 1,337 crore would be pursued from United Breweries Holdings Ltd (UBHL) through "dialogue or other legal means".
Interestingly, UBHL is now left with a total market value of just about Rs 148 crore although it continues to have more than 51,000 public shareholders including over 50,000 small retail investors.
Other shareholders include 14 mutual funds, 14 banks/ financial institutions, 10 foreign portfolio investors, one insurer, one government entity and nearly 100 HNIs.
The total number of public shareholders has come down from over 56,000 a year ago, including over 53,000 small retail investors and nearly 175 HNIs.
In case of Kingfisher Airlines, the trading in its shares have been suspended for long due to its non-compliance to various listing requirements including its failure to make timely disclosure of shareholding data and other details.
28/02/16 PTI/Business Standard
