Tag: Ub Group

Realty Assets of Kingfisher Airlines Likely to Be Attached

May 9, 2013 – 7:41 pm

Serving a legal notice to the debt-driven Kingfisher Airlines, banks have said that they will go ahead with a plan to attach their realty assets, if the carrier again fails to repay the amount with interest. Banks that had earlier loaned Kingfisher Airlines have served the carrier a legal notice which stated that they will […]

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Blackstone and KKR on Indian Commercial Real Estate

May 2, 2012 – 1:41 pm

India’s UB Holdings is in talks with private equity funds Blackstone and Kohlberg Kravis Roberts to sell some of its commercial real estate for 6.5 billion rupees ($123 million), writes Reuters. UB Holdings, controlled by liquor baron Vijay Mallya, is part of the UB Group that owns majority of United Spirits and United Breweries, apart from debt-laden carrier Kingfisher Airlines, […]

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Rentals in Pune Up By 300% In Last Three Year

July 29, 2008 – 7:34 am

Pune seems to be gradually losing its cost advantage among software companies. Many think that the rentals in the city are on their way up and could be a big deterrent for further investment. Sunil Patil, president (Pune region), UBICS, a software company of the UB group, believes that the rentals may spoil the show. […]

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