The move piles pressure on Vijay Mallya who is also being pursued by domestic banks for not meeting loan-repayment obligations linked to his Kingfisher Airlines.
A few analysts said that the spike in UB group stocks could be like a 'dead cat bounce', which speculators might use to exit from their long-held positions.
The disclosure comes on a day when Mangalore Chemicals and Fertilizers, another UB Group firm, announced Mallya's resignation as a director.
The finance costs of Kingfisher Airlines for the reporting quarter stood at Rs 350.99 crore, against Rs 401.26 crore in the corresponding quarter of the previous year.
Prior to the transaction, Kingfisher Finvest held 7.21 per cent stake in the cash-strapped carrier. It now holds 2.27 per cent.
Biz EOD: Green Tax for old vehicles; unicorns rake in $3.1 bn in 3 months; TCS briefly beats Accenture
Amazon moves Delhi HC, seeks Biyani's detention, attachment of assets
India bans TikTok permanently; app evaluates notice
Pfizer to seek regulatory approval if India places order for COVID-19 vaccine
Padma Awards 2021: Shinzo Abe, S P Balasubramaniam conferred Padma Vibhushan; check complete list
Reliance Jio Prime vs Airtel, Vodafone, Idea 4G offers
Reliance Jio plans to bring 5G internet to your smartphones
Maruti Suzuki opens online booking for Baleno RS
India Inc to get 9.5 per cent salary hike this year
Five tips to get a good salary hike this year- India bans TikTok permanently; app evaluates notice
Canon EOS R5 will get improvements through firmware update
Nikon Z7 mirrorless camera uses Sony sensor: Report
Realme Buds Q2 design, key specifications spotted ahead of imminent launch
Not just MagSafe, 2021 MacBook Pro may also bring SD card reader back