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Sebi seeks clarification on rival bids for Mallya group's MCFL

Last Updated: Tuesday, June 24, 2014, 13:49

UB Group currently holds nearly 22 percent stake in MCFL, but over half of their shareholding is pledged.

SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL

Last Updated: Monday, May 26, 2014, 18:59

Global liquor giant Diageo Plc has received market regulator SEBI's clearance for an open offer to acquire additional 26 percent stake in United Spirits Ltd for Rs 11,448.91 crore.

United Spirits stock up nearly 12% on Diageo open offer

Last Updated: Tuesday, April 15, 2014, 17:23

Shares of United Spirits Ltd Tuesday zoomed nearly 12 percent after liquor major Diageo Plc made a Rs 11,448.91 crore offer to public shareholders of the company to acquire an additional 26 percent stake.

Concerned over Diageo-USL deal impact: UK fair trade watchdog

Last Updated: Friday, February 07, 2014, 14:14

As UK's fair trade watchdog OFT continues to probe Diageo's purchase of controlling rights in United Spirits from India's UB group, the regulator has released a 53-page report detailing concerns posed by this deal to competition in the British whisky market.

United Spirits slumps after court annuls Diageo deal

Last Updated: Monday, December 23, 2013, 11:44

United Breweries Holdings initially fell as much 9.1 percent, but was down 3.6 percent at 9.31 am, compared with a 0.4 percent gain in the broader Nifty.

Intend to challenge Karnataka HC order, say USL, Diageo

Last Updated: Saturday, December 21, 2013, 00:21

"We will take all necessary steps to protect Diageo's interests as well as our own," UB Group Chairman Vijay Mallya said in a statement.

Diageo acquires United Spirits shares worth Rs 472 cr

Last Updated: Tuesday, November 26, 2013, 20:54

World's largest spirits maker Diageo Plc, which is in the process of acquiring majority stake in United Spirits, Tuesday picked up more than 19 lakh shares of the Vijay Mallya-led distiller for over Rs 472 crore.

Mallya's UB Group to pump $2 mn in loss-making US brewer

Last Updated: Sunday, November 24, 2013, 11:19

Liquor baron Vijay Mallya-led UB Group has decided to infuse USD 2 million in a US-based loss making firm Mendocino Brewing Company to revive its fortunes.

UBHL submits audited accounts statement of share sale to HC

Last Updated: Wednesday, September 25, 2013, 18:58

Vijay Mallya-headed United Breweries Holdings Limited (UBHL) Wednesday submitted its audited statement of accounts related to a stake sale deal before the Karnataka High Court.

USL to offer upto 11.5% return on public deposit scheme

Last Updated: Wednesday, September 25, 2013, 15:42

UB Group firm United Spirits Ltd, in which Diageo has a significant stake, Wednesday launched a fixed deposit scheme offering interest of up to 11.5 percent.

Vijay Mallya earns reprieve from court appearance

Last Updated: Tuesday, September 17, 2013, 21:22

The court on Monday directed Mallya to personally appear with his passport today as the company had failed to adhere to the direction issued by it earlier.

Karnataka HC summons Mallya in winding up case

Last Updated: Monday, September 16, 2013, 15:16

The Karnataka High Court on Monday directed UB Group Chairman Vijay Mallya to appear before it on Tuesday in connection with a bunch of winding up petitions filed by creditors who are trying to get back close to Rs 600 crore from his company.