Tag: United Breweries Group

Kingfisher ready to fly, submits interim revival plan

Kingfisher 150x150 Kingfisher ready to fly, submits interim revival plan Seeking to revoke its suspended flying licence after being grounded fro three months, beleaguered Kingfisher Airlines today submitted its interim revival plan to aviation regulator DGCA just ahead of expiry of its validity on 31 December.

Moreover, DGCA is on examination of KFA financial and operational plan submitted by CEO Sanjay Aggarwal and still no response has given by the regulator. If in favor of airline, it would expect to benefit airline another six-eight weeks to restart operations. Read more

Mallya’s UB shares hit 52-week high, hoping deal with Diageo

Vijay Mallyas United Spirits 150x150 Mallya’s UB shares hit 52 week high, hoping deal with DiageoAs per recent news, Vijay-Mallya’s UB Group is going to sign a deal with the world’s largest spirit group maker Diageo for sale of United Spirits Ltd Stake, hoping to keep on track its debt-laden Kingfisher Airline by raising funds.

Suddenly as the news released, shares of United Breweries hit 52 week high as much 6 per cent to Rs 1,425 in early trade on the BSE on Friday following the Diageo- USL deal worth $3.2 billions. Read more

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