Liquor firm United Breweries Ltd said the Debt Recovery Tribunal (DRT) in Bengaluru has transferred ________ percent stake held by Vijay Mallya-linked United Breweries (Holdings) in the company.
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Answers
Answer:
Liquor firm United Breweries Ltd said the Debt Recovery Tribunal (DRT) in Bengaluru has transferred ___2.8_____ percent stake held by Vijay Mallya-linked United Breweries (Holdings) in the company.
Explanation:
"The recovery officer-I, DRT-II, Bengaluru has transferred 74,04,932 equity shares comprising 2.80 per cent of the total issued and paid up equity share capital of the company in its name from the demat account of United Breweries (Holdings) Ltd which is under liquidation," UBL said in a regulatory filing.
According to the BSE data for the December 2018 quarter, United Breweries (Holdings) Ltd (UBHL) held 2.80 per cent stake in UBL.
Answer:
Answer is 2.8 per cent .United Breweries Ltd announced that the DRT, Debt Recovery Tribunal, in Bengaluru has moved __2.8______ percent stake held by Vijay Mallya-linked United Breweries (Holdings) in the company.
A drastic step was reportedly considered as a major step to partly recover pending dues from Vijay Mallya, a PMLA court rejected United Breweries Holdings' appeal to stay the proposed sale and transfer of shares of value around Rs 1,000 crore of its previous subsidiary concern United Breweries (UBL) which was appointed as liquidator by court. Special judge M S Azmi dismissed their plea on the basis that the court may not have the powers to announce the stay on the proposed sale.
Explanation: