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Q.

Mallya finally talks of selling his businesses----news. After that what is he going to do? Your views?

Tags: sex, money, mallya
Asked by Good Citizen, 27 Sep '12 11:17 am
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Answers (6)

1.

I dont think he has any other option left right now as he has to repay his debts which is the prime focus for him. He would act smartly to sell only a part of his stake to set off the debts & over a period of few years he would be able to overcome this but for that to happen he needs to be what he used to be!!
Answered by dharamender nebhnani, 27 Sep '12 04:27 pm

 
  
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2.

He has no option. He is neck deep in debt. He has been mismanaging his business Now his creditors will start hounding him. The consortium of banks have refused to restructure his debts. His one hope was to get rid of his aviation business but there are no takers for it in India and the one hope he had that FDI in aviation will open up is also not likely to happen under the current political scenario. Before he is declared insolvent, he wants to pick up whatever he can salvage and save himself. The worry is not that much for Mallya as it is for his employees , share holders and creditors. They are the ones who are going to be affected. As for Mallya and his son they will do what they have been doing all these years - chasing beauties in beaches of Bermuda, sipping their Bacardi, basking in the sun. They would have parked their black money from drug and other illegal business in some tax heavens which they can now use for continuing what they have been doing all these years.
Answered by Shyam, 27 Sep '12 11:48 am

 
  
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3.

Selling off loss making and unmanageable business is also business.
A tycoon like him can always explore other avenues.
The important thing is that, what ever choices he makes, his son should have the capability to handle them
Answered by Vikram, 27 Sep '12 11:22 am

 
  
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4.

I think he would only be selling a portion of United Spirits and I am sure, personally he would have enough money to do something. He may have been caught on the wrong foot with King Fisher Airlines but I am sure, he would have thought of something when he is planning to take such a big decision. He has survived for more than quarter of a century. I am sure, he would have enough on his hands to keep going. Doubtful if anyone of us will be privy to what his thoughts are except media conjecture which again is a an extension of their imagination, having no clue to his plans.
Answered by Omega, 27 Sep '12 11:20 am

 
  
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5.

He is not selling his business he is only inviting investment from FIIs they will become shareholders but the control will ramain with vijay mallya and board of directors only in other words he is NOT getting out of this business
Answered by iqbal seth, 27 Sep '12 11:20 am

 
  
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6.

Start purchasing simple
Answered by jameel ahmed, 27 Sep '12 11:19 am

 
  
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