InvestorQ : Is the ED planning to sell the shares of UBL pledged by Mallya?
Angel dcosta made post

Is the ED planning to sell the shares of UBL pledged by Mallya?

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Juvina Maggie answered.
1 week ago
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ED does not sell shares but it has now transferred 4.13 crore shares of UBL to the demat account of the Recovery Officer, Debt Recovery Tribunal. The market value of these shares is estimated at Rs.5,615 crore at current market prices. These are the bank dues for which Vijay Mallya had given personal guarantees. Mallya is in the process of being extradited back to India. Heineken NV owns 46.69% in United Breweries.
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