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Kingfisher creditors sells shares in company pledged as collateral

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Kingfisher creditors sells shares in company pledged as collateral

  A consortium of Indian banks that are owed $2.5bn by Kingfisher Airlines have confirmed the sales of 10 million shares in Mangalore Chemicals & Fertilizers Ltd, a chemical company that is part of Vijay Mallya's business empire, which had been pledged as collateral for loans to help finance Ki...

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