Kingfisher up on report UB Holdings may sell property

Wed Nov 21, 2012 11:07am IST

Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012. REUTERS/Mansi Thapliyal/Files

Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012.

Credit: Reuters/Mansi Thapliyal/Files

Related Topics

Stocks

   

Reuters Market Eye - Shares in Kingfisher Airlines(KING.NS) rise 1.5 percent after The Economic Times newspaper reported Blackstone(BX.N) has made an offer to buy prime office and retail real estate property from investment holding company UB Holdings, citing two people familiar with the developments.

A spokeswoman for Blackstone declined to comment on the report calling it "a pure speculation story." A UB Group spokesman also declined comment.

Nonetheless, dealers say the media report about a potential deal is raising hopes billionaire Vijay Mallya, who controls Kingfisher and UB Holdings, could use any money raised to inject into the debt-laden carrier.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Kerry in India

REUTERS SHOWCASE

Deadly Landslide

Deadly Landslide

Landslide near Pune kills 10, scores feared trapped.  Full Article 

Fed Policy

Fed Policy

Fed presses forward with bond buying, cites uptick in inflation.  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

Smuggling Gold

Smuggling Gold

Air India staff found smuggling gold  Full Article 

Economy Reboots

Economy Reboots

U.S. economy back on track with strong second-quarter rebound .  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Expanding Reach

Expanding Reach

Tata to invest $35 bln over 3 years, focus on new businesses   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage