Banks recover another Rs 792 crore by selling Vijay Mallya's shares

The State Bank of India (SBI)-led consortium, which lent loans to Vijay Mallya, recovered another Rs 792.11 crore after the sale of Kingfisher Airlines' shares.

Earlier, the SBI led consortium had realised Rs 7,181.50 crore by liquidating assets handed over to it by the ED.

In addition, Rs 1,060 crore worth of assets were handed over to the banks by the Fugitive Economic Offences Court in connection with the case against Nirav Modi.