Vijay Mallya's UB Group shares lose up to 76% market capitalisation in 2013

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Vijay Mallya last week said at holding company UBHL's Annual General Meeting that the group was in firm control of Mangalore Chemicals and talks were on with potential investors for revival of Kingfisher. Vijay Mallya last week said at holding company UBHL's Annual General Meeting that the group was in firm control of Mangalore Chemicals and talks were on with potential investors for revival of Kingfisher.
SummaryKingfisher Airlines' share price has plunged 69%; McDowell Holdings share price fell by 72%.

loans of about Rs 7,000 crore and a negative net worth of close to Rs 13,000 crore.

In terms of market capitalisation, Kingfisher has lost over Rs 800 crore worth market value so far in 2013, while the losses for UBHL and United Breweries are about Rs 600 crore and Rs 1,800 crore respectively.

However, the market value of Mangalore Chemicals has soared by over Rs 200 crore and that of United Spirits has risen by more than Rs 9,000 crore during the same period.

The group's total market valuation currently stands at about Rs 61,000 crore.

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