SBI-led banks to sell Vijay Mallya’s shares worth Rs 6,200 crore next week to recover Kingfisher Airlines loan

A clutch of banks led by the country’s largest lender, State Bank of India (SBI), is preparing to sell fugitive businessman Vijay Mallya’s shareholdings in three companies on June 23 in a bid to recover as much as Rs 6,200 crore lent to his grounded Kingfisher Airlines.

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