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.

United Breweries Q1 Net down 4.68% at Rs 122.81 cr

The company also announced that Shekhar Ramamurthy will replace Kalyan Ganguly as its Managing Director with effect from August 1, 2015.

UTI-IAS acquires Mallya' 3.97% UBL voting rights after default

Post this development, Mallya's voting rights in the company remain just 0.06 per cent.

UBHL reports Q4 net loss of Rs 373.73 cr

United Breweries (Holdings) on Saturday said its net loss for the fourth quarter has narrowed to Rs 373.73 crore for the quarter ended on March 31, 2015 on account of lower expenses.

Diageo confident of retaining majority stake in United Spirits

Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain majority shareholding in the Indian firm even if the outcome of the cases were not to be in its favour.

United Spirits Q3 net profit up 21% at Rs 79 cr

Liquor major United Spirits Ltd Saturday posted 21.58 percent increase in net profit at Rs 78.81 crore for the third quarter ended December 31.

Contempt petition filed only against Vijay Mallya: Bank consortium counsel

Contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified Wednesday.

Delhi HC reserves judgement on Kingfisher, Vijay Mallya wilful defaulter case

Kingfisher had moved the court seeking directions to the bank to rescind its August 21 notice and those issued earlier as well as to restrain it from taking any action against the airlines in pursuance of the same.

Vijay Mallya's exit brings fizz to UB stocks; troubles mount further

In an irony of sorts, self-proclaimed 'King of Good Times' Vijay Mallya Tuesday saw shares of his various group companies soar higher even as fresh troubles surfaced in form of the group's holding entity being slapped with yet another 'wilful defaulter' tag.

United Bank of India identifies UB Holding as wilful defaulter

The bank has already declared Kingfisher Airlines and its four directors, including Mallya, as wilful defaulters.

Govt rejects Vijay Mallya's reappointment as Kingfisher MD; quits MCFL board too

In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL.

Govt says no to Mallya's reappointment as Kingfisher CMD

In a fresh blow to UB Group chief Vijay Mallya, the government has rejected an application by Kingfisher Airlines to re-appoint him as Managing Director.

Vijay Mallya resigns from board of UB group fertiliser firm MCFL

In a surprise move, Vijay Mallya has resigned as director from his group firm Mangalore Chemicals and Fertilizers, which is the target of a takeover battle between Deepak Fertilisers and Zuari Group.

United Spirits minority shareholders reject 9 proposals at EGM

Shareholders at the November 28 EGM rejected approval to a loan agreement dated July 3, 2013 between United Spirits Ltd (USL) and United Breweries (Holdings) Ltd.

Payment default case: Interim relief for Kingfisher

The bank had issued the notice alleging the carrier has wilfully defaulted in payment of outstanding dues of more than Rs 770 crore.

United Breweries Q4 Net surges over 11-fold to Rs 68 crore

The company's net sales rose to Rs 973.9 crore for the fourth quarter as compared to Rs 931.92 crore in the same period of previous fiscal, United Breweries Ltd said in a filing to the BSE

BSE sets circuit limit of 10% for United Breweries scrip

BSE said in a circular that the price of UB (Holdings) Ltd cannot change by more than 10 percent in a day.

United Breweries Q2 net loss at Rs 19 crore

United Breweries Thursday reported a net loss of Rs 18.57 crore for the second quarter ended September 30, 2013.