UBHL Dives Over 5 Per Cent

UBHL Dives Over 5 Per Cent

In 2016, the UB Group had a shaky year when it comes to performance on the stock market. Namely, first after a tremendous rise due to talks about debt repayment, the stocks of the UBHL company dived by 5% and more as soon as new troubles arose concerning the (in)famous chairman of the Group. After Mallya failed to attend a court hearing, the stocks immediately started to go down. The Group’s daughter companies like Mangalore Chemicals and Fertilizers went down also by 4%, and its McDowell Holding fared a little better with an under 3% drop.