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Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL

Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL

Vijay Mallya-led United Breweries Holding Ltd (UBHL) today said it is reviewing SEBI's order barring the beleaguered businessman and six former officials of United Spirits (USL) from securities markets in a case related to alleged fund diversions and will take "appropriate action".

United Breweries to seek legal advice on Sebi order

United Breweries to seek legal advice on Sebi order

United Breweries Ltd on Friday said that it is seeking legal advice for its next course of action following SEBI restraining its Chairman Vijay mallya from holding position as director or key managerial position in any listed company.

Vijay Mallya files plea for recalling contempt order

Vijay Mallya files plea for recalling contempt order

Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.

Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24

Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24

In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.

 Vijay Mallya bets on judiciary for relief from criminal cases

Vijay Mallya bets on judiciary for relief from criminal cases

A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised.
 

United Breweries Holdings Q1 net rises 13-fold to 29.47 cr

United Breweries Holdings Q1 net rises 13-fold to 29.47 cr

Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016.

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.

Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley

Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley

Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.

ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2

ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2

The Enforcement Directorate (ED) on Friday issued fresh summons to liquor baron Vijay Mallya to appear on April 2 in a money laundering probe related to IDBI loan fraud case.

Loan default case: Vijay Mallya not to appear before ED today, seeks time till April

Loan default case: Vijay Mallya not to appear before ED today, seeks time till April

ED had earlier issued summons to Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time

Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time

ED had earlier issued summons to Vijay Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

Vijay Mallya in talks to settle debt with lenders

Vijay Mallya in talks to settle debt with lenders

Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.

 

UBL starts beer supply from acquired Rajasthan brewery

Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.

Vijay Mallya quits as United Spirits chairman; to pocket Rs 515 crore from Diageo

Vijay Mallya quits as United Spirits chairman; to pocket Rs 515 crore from Diageo

Mallya, who along with his group firms is fighting 'wilful defaulter' tags given by various lenders in relation to loans taken by long-defunct Kingfisher Airlines, said he would now "spend more time in England" closer to his children.

Vijay Mallya exits United Spirits Limited; Diageo to pay him $75 mn over 5 years

Vijay Mallya exits United Spirits Limited; Diageo to pay him $75 mn over 5 years

According to reports, Mallya said he was pleased to reached a mutual release with United Breweries group and Diageo, the owner of United Spirits.

Vijay Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'

Vijay Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'

Known for his flamboyance and hosting lavish parties even when his companies have been declared defaulters by lenders, Mallya also said everybody has his own "perception" about his lifestyle and he would not comment on it.

 

PNB declares Vijay Mallya-led  United Breweries Holdings 'wilful defaulter'

PNB declares Vijay Mallya-led United Breweries Holdings 'wilful defaulter'

Vijay Mallya-led United Breweries Holdings Ltd on Tuesday said it has been declared a "Willful Defaulter" by Punjab National Bank (PNB) and the company is consulting lawyers to challenge the decision.

United Spirits' networth more than halves in 4 years

United Spirits' networth more than halves in 4 years

The company said its accumulated losses as on March 31, 2015 at Rs 5,045.45 crore is greater than 50 percent of the peak net worth in the immediately preceding four financial years at Rs 5,849.62 crore.

 

Will chair USL AGM this year: Vijay Mallya

Liqour baron Vijay Mallya on Monday expressed confidence about chairing United Spirits Ltd's Annual General Meeting this year.

United Breweries Holdings Q1 net down 99.73% at Rs 2.15 crore

United Breweries (Holdings) Ltd (UBHL) on Friday reported a 99.73 percent fall in its net profit at Rs 2.15 crore for the first quarter ended June 30, 2015 on account of lower sales and exceptional item reported in the corresponding period last year.