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SBI To Auction Kingfisher House

Kingfisher House

India's largest public sector bank SBI Capital Markets issued a public notice to auction Kingfisher House which is located in Mumbai in order to recover loans from its founder Vijay Mallya. SBI has the maximum exposure to Kingfisher in the consortium at Rs.1,600 crore. The auction to sell the Kingfisher House will start on 17th March at a reserve price of Rs 150 crore.