Here's your chance to buy Vijay Mallya's cars
FollowThe SBICAP Trustee Company Ltd will be auctioning eight of business tycoon Vijay Mallya's cars that he once owned.
The auctioned is scheduled to be held on August 25 in Mumbai. The cars are currently parked at the Kingfisher House backyard for inspection. According to the trust, the auction will fetch a small sum of ₹13.70 lakh from a whopping ₹6,963 crore which owes to the banks.
Read more: Another non-bailable warrant issued against Mallya
In order to participate in the auction, the bidders have to deposit 10 percent of the price quoted for each vehicle. The registration charge would be ₹2000 and the last day to register is August 23. The cars will be available for inspection on July 29 and August 5.
Last Updated Mar 31, 2018, 6:41 PM IST
