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Down by the water, under the gaze of a solitary kingfisher, a group of boys were bathing.
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Kingfisher, the European home improvement group, generated a tenth of retail sales from eco-products in 2011.
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In a separate development in the industry, shares in the loss-making Kingfisher Airlines rose 5% after its owner, UB Group, agreed to increase a loan to the carrier.
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Since March 25, Kingfisher's lenders have invoked pledged shares in two UB Group companies-- United Spirits Ltd.
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Mallya also runs the profitable United Breweries Group (NSE: UBHOLDINGS), owners of the popular Kingfisher beer label, so he has plenty of money to fund the airline.
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Kingfisher owner Vijay Mallya is struggling to keep the airline afloat and has pledged personal and UB Group assets as collateral against the loans.
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After the notice for fixed assets, Kingfisher's lenders will send it another notice to invoke Mr. Mallya's personal guarantees and UB Group companies' corporate guarantees, of a combined value of 30 billion rupees, Mr. Acharya.
WSJ: Kingfisher's Lenders to Meet This Week