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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.

Diageo portfolio integration to make USL more powerful: Mallya

Last Updated: Tuesday, September 24, 2013, 17:52

"USL has embarked upon premiumisation policy with focus on premium brands where we achieved strong double-digit growth that will mitigate the cost increase implication to some extent," Mallya told reporters after the USL Annual General Body meeting here.

Diageo completes stake purchase in USL, gets only 25.02%

Last Updated: Thursday, July 04, 2013, 21:23

The world's largest spirits maker Diageo Plc Thursday said it has acquired 25.02 percent stake in Vijay Mallya-led United Spirits Ltd (USL) on completion of a share purchase deal announced last year, getting less than half of what it had originally planned.

HC allows UBHL to sell around 13 million shares of USL

Last Updated: Friday, May 24, 2013, 16:56

In this connection, UBHL had filed an application seeking permission of the court to sell those shares.

Vijay Mallya sues banks for selling pledged USL shares

Last Updated: Tuesday, April 02, 2013, 00:29

Liquor baron Vijay Mallya has filed a petition in the Bombay High Court against the lenders to his grounded airline Kingfisher for selling a portion of the pledged shares of United Spirits (USL) worth Rs 100 crore, according to banking sources.