Mallya's confiscated shares worth ₹100cr transferred to govt
The Stock Holding Corporation of India Limited has reportedly transferred shares worth ₹100 crore of United Breweries, held directly and indirectly by Vijay Mallya, to the central government. The Enforcement Directorate has already started the process to confiscate assets of Mallya in connection with the defaulted loan of over ₹6,000 crore by Kingfisher Airlines, reports added.