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Vijay Mallya hints at retirement, says will think of it after hitting 60

Vijay Mallya hints at retirement, says will think of it after hitting 60

Mallya is in the news after the media was agog with reports that Diageo, the United Spirits' new owner, had asked him to step down as Chairman and Director of the Indian liquor firm for alleged fund diversion to Kingfisher and other UB Group entities.

All regulatory approvals in place for Diageo-USL deal: Mallya

Liquor baron Vijay Mallya on Tuesday said United Spirits and Diageo Plc have received all regulatory approvals for their Rs 11,166.5 crore deal under which the Indian spirits maker will sell 53.4 percent to the UK-based firm.