Mallya’s holding in United Breweries is 11

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canada goose outlet canada goose store They don’t sound genuine,” said the banker.In the four years, banks have tried to recover money from Mallya, including auctioning of his real estate properties and threatening legal actions. But those efforts have not resulted in any meaningful recovery.What are the options now left before bankers? Lenders can still sell his shareholding in companies and recover money.Since Mallya’s real estate assets, which include a Mumbai office property, his cars and other personal belongings won’t fetch much, banks are pinning their hopes on acquiring Mallya’s stake holding in United Spirits and United Breweries.Mallya’s holding in United Breweries is 11.04 percent which has a value Rs 2,764 crore and that of United Spirits (0.82 percent) at Rs 345 crore. In total, if banks manage to sell these shareholdings on June 4, 2020 banks would get Rs 3,109 crore.. canada goose store

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