KFA to meet lenders in third week of Dec
The banker said the consortium will have another meeting around the same time to discuss the course of action with regard to monetising the pledged shares and the personal properties of Vijay Mallya. “We do not want to be obstinate about deadlines,” the banker said.
The revival hopes are based on the United Spirits-Diageo deal that helped Mallya raise capital. United Breweries Holdings will receive R2,400 crore from the sale of its stake in USL. But while announcing the deal with Diageo, Mallya had sought to de-link the KFA issue saying that the UB Group’s holding company will decide on a rehabilitation programme for the carrier separately, though he did not specify details.
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