United Breweries chairman Vijay Mallya on Sunday rejected media reports that he had no option but to sell stakes in his other profitable businesses to revive Kingfisher. In an interview to Reuters, he said UB was sufficiently well off. Speaking in his office at Force India, the UB Group head poured scorn on media reports that he would be forced to sell stakes in profitable businesses to fund Kingfisher. “That is the media perspective of what I am going to do. I am not so sure that I lack commercial acumen to the extent that I would sell a hugely thriving, successful business to take the cash and put it into an airline in an environment such as India.”

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