Debt Recovery Tribunal sells Rs 5,824 cr worth UBL shares on behalf of SBI-led consortium

2021-06-23 15:25:03

A Debt Recovery Tribunal on Wednesday sold shares of Limited for Rs 5824.50 crore on behalf of SBI led consortium, the Enforcement Directorate said in a statement.

Including this amount, the ED has so far transferred attached assets worth Rs 8441.5 Crore to state run banks that have suffered losses due to frauds by Vijay Mallya, Nirav Modi and Mehul Choksi.

Further, a realisation of Rs 800 crore by sale of shares is expected by 25th

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