June 26, 2026 03:37 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Amazon's massive India bet! Andy Jassy announces $48 billion investment after meeting PM Modi | Taratala warehouse collapse: Death toll climbs to 8, five arrested as SIT launches probe | Oil prices crash, IndiGo takes off! Aviation and fuel stocks emerge as biggest winners | Passport is a travel document, not conclusive proof of citizenship: MEA | Kolkata: Taratala warehouse roof collapses | Indian Army's Trishakti Corps restores lifeline connectivity in North Bengal between Siliguri and Mirik | 19 million barrels flow through Strait of Hormuz, Trump declares oil prices are falling | No Hindi, no NEET: Vijay reignites Tamil Nadu's biggest political flashpoints | Messi creates World Cup history with record-breaking double; Mbappe equals Klose's mark hours later | Tech giant Oracle slashes 21,000 jobs while betting big on AI

Consortium again fails to find buyers for Kingfisher assets

| | Apr 30, 2016, at 08:29 pm
Mumbai, Apr 30 (IBNS) The 17-bank consortium led by the State Bank of India did not find buyers to bid for the brands and trademarks of Kingfisher Airlines, earlier owned by liquor baron Vijay Mallya, at an auction held on Saturday, according to media reports.
The consortium had set a reserve price of Rs 366.7 crore for the pledged assets in their effort to recover loans unpaid by Mallya.
 
A similar auction held in March to sell the defunct airlines headquarters, Kingfisher House (with a reserve price of Rs 150 crore)  had also failed to attract a single bidder.
 
The trademarks up for auction were 'Fly the Good Times' tagline, Flying Models, Funliner, Fly Kingfisher and Flying Bird Device, media reported.

Mallya is wanted in India for defaulting on repayment of the bank loans. The Indian government has revoked Mallya's passport and written to the UK High Commission for his deportation.
#Kingfisher assets # State Bank of India # Kingfisher # Vijay Mallya

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm