Failed first attempt: SBI drops Kingfisher logo's reserve price

Experts said that high reserve price could be the reason for no show of any potential bidder. 

Failed first attempt: SBI drops Kingfisher logo's reserve price
Experts said that high reserve price could be the reason for no show of any potential bidder. Representational image of Kingfisher ATR -72 at Bhavnagar Airport. Image Source: Wikipedia

State Bank of India's (SBI) investment banking division SBICAP Trustee Company (SBICTCL) has dropped reserve price of Kingfisher logo by 10% in order to attract bidders. The earlier set price was Rs 366.70 crore and the auction was to be held in April. However, no bidders chose to act. 

Experts said that high reserve price could be the reason for no show of any potential bidder. SBICTCL has now dropped price by 10%. 

SBICAP Trustee Company Limited (SBICTCL) is a wholly-owned subsidiary of SBI Capital Markets Limited. 

The new reserve price is Rs 330.03 crore. The online auction will now take place on August 25.

A total of nine trademarks was being put up for auction from previous auction which had total of 11, as two trademarks have expired.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-latest-fd-interest-rates-for-senior-citizens-know-what-major-banks-like-icici-bank-hdfc-bank-of-baroda-sbi-canara-bank-axis-bank-providing-currently-on-fixed-deposits-calculator-327278

Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits

https://www.zeebiz.com/personal-finance/photo-gallery-gratuity-calculator-inr-rs-38000-as-last-drawn-basic-salary-pay-and-5-years-5-months-of-service-know-gratuity-amount-payment-act-1972-eligibility-criteria-conditions-employer-employees-wage-327018

Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?

https://www.zeebiz.com/personal-finance/news-retirement-planning-sip-investment-monthly-grow-strategy-compounding-327195

Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations

https://www.zeebiz.com/personal-finance/photo-gallery-top-5-small-cap-mutual-funds-with-best-sip-xirr-returns-in-1-year-calculator-inr-rs-25000-monthly-investment-has-grown-to-355000-nifty-150-tri-bse-invesco-edelweiss-hsbc-franklin-nav-aum-327419

Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-sbi-sip-mutual-funds-with-highest-sip-return-xirr-in-1-year-capital-gains-calculator-how-inr-rs-25000-monthly-investment-has-grown-to-bse-sp-nifty-multi-large-health-tech-banking-326674

Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404

https://www.zeebiz.com/markets/stocks/photo-gallery-adani-group-stocks-nosedive-heres-what-anil-singhvi-suggests-327508

Adani group stocks nosedive: Buy or Sell? Here's what Anil Singhvi says

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-state-bank-of-india-5-years-fixed-deposit-fd-vs-post-office-monthly-income-scheme-mis-where-can-you-get-more-income-in-5-years-on-investment-of-rs-200000-see-calculations-327293

SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations

https://www.zeebiz.com/markets/stocks/photo-gallery-psu-and-largecap-shares-to-buy-short-term-bse-sensex-nse-nifty-pick-of-the-day-327460

Stocks to buy: Hindustan Aeronautics, Zomato, Tata Tech, GMR Airports among analysts' top picks

https://www.zeebiz.com/markets/stocks/photo-gallery-multibagger-defence-psu-stock-garden-reach-shipbuilders-and-engineers-grse-share-price-nse-bse-target-by-brokerage-new-order-327304

Multibagger Defence PSU Stock: Shares to be in focus as company signs new pact - Check targets by brokerage

https://www.zeebiz.com/personal-finance/photo-gallery-sip-investment-formula-power-of-compounding-become-crorepati-build-1-cr-corpus-strategy-327055

12x15x20 SIP Formula: How you can build Rs 1 cr corpus in 15 yrs by using this SIP formula | Know here

Written By: Pooja Jaiswar
Updated: Wed, Jul 20, 2016
05:00 PM IST
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Lenders initiate auction of brands, trademarks of Kingfisher Airlines Lenders initiate auction of brands, trademarks of Kingfisher Airlines
Kingfisher Airlines' trademarks to be auctioned on April 30 Kingfisher Airlines' trademarks to be auctioned on April 30

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x