In its latest annual report, released to shareholders at the AGM, UBHL
said it has been without a Managing Director since April 17, 2014.
Kingfisher Airlines and UBHL
appealed against the order from a lower court which allowed the latter to part with 6.
said it is constrained by various restraint orders of the High Court of Karnataka as a result of which revenue yielding business proposals like franchising out the Kingfisher brand owned by the Company and renting out vacant space at UB City, Bangalore could not be implemented.
We will continue to pursue recovery of the outstanding debt from UBHL
In context, UBHL
may also argue that "continuous public statements" from the consortium of lenders has negatively impacted investor sentiments and dragged its efforts to revive the airline, besides causing a run on the shares that are not specifically pledged for the loans.
Citigroup Global Markets, Ambit Corporate Finance, Amarchand and Mangaldas & Suresh A Shroff & Co, Herbert Smith Freehills LLP and Kanga & Co acted as advisors to UBHL
One has to remember that UBHL
is a public limited company.
IRONICALTWISTIN THE TALE COMPANY SHARE PRICE (` ) RISE (%) UBHL
The HC also asked Diageo to return the shares as UBHL
is mired in a whirlpool of winding- up petitions by creditors, who are seeking recovery of unpaid dues of close to ` 600 crore from Mallya's firm.
itself cannot use its own funds and its assets that it currently has because of the restraining order from the Karnataka High Court.
It has sought the court's direction to UBHL
to deposit in court the entire amount from the sale of shares.
41 per cent stake in United Breweries Holdings Ltd, or UBHL
, thus paring their stake to 43 per cent.