SBI seeks to sell Kingfisher House in Mumbai
SBI Capital Markets has issued a public notice to sell the 'Kingfisher House' in Mumbai in an effort to recover loans from Kingfisher Airlines promoter Vijay Mallya. The liquor baron owes SBI ₹1,600 crore of the ₹6,360 crore loan from a consortium of banks. The e-auction will start at a reserve price of ₹150 crore on March 17.