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Mar 06, 2013
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Kingfisher Airlines' lenders complicate Diageo deal; may sell pledged United Spirits' shares
Lenders to Kingfisher Airlines have indicated they may sell United Spirits (USL) shares pledged with them as collateral either in the market or at a higher price to outsiders, dealing a serious, but not fatal, blow to the proposed takeover of USL by British liquor giant Diageo. Top lenders from PSU banks told ET that they have lost faith in Vijay Mallya, and don't believe he is going to revive the airline. "We are open to selling the shares to anyone who gives us the best price," a senior official with one of the PSU banks said.
Source -
http://economictimes.indiatimes.com
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