Two UB Group Firms to Restricted Trade Segment

Trade

Since last year, things for the UB Group have not been going well, but the company has been struggling for far longer than the last year. For example, in 2014, the Kingfisher Airlines (which was shut down the same year) and UB Engineering (another daughter company of the UB Group) caused many red flags on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) because they failed to submit financial reports on time for two quarters in a row. The two biggest exchanges in India decided to relegate them to the Z trade segment or category which banned them from trading and speculation on the stock market.