Diageo can increase it's cut in United Spirits

Diageo can increase it's cut in United Spirits

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After money laundering case, DRT halts Vijay Mallya's Rs 515 crore payout package

The Debts Recovery Tribunal has passed orders to restrain Diageo Plc from paying Vijay Mallya Rs 515 crore as a part of a settlement to exit Diageo-owned United Spirits Limited. Also, The Enforcement Directorate has registered a case of money laundering against him recently.

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.

 

Nothing has changed at Force India: Vijay Mallya

Nothing has changed at Force India: Vijay Mallya

Mallya, known for his flamboyance, says he still is the boss at Force India.

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.

 

Aapka Bazaar: United Spirits

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Share Bazaar Live: United Spirits' AGM Today

After the delay of 2 months, finally the AGM of United Spirits today. as RoC cancelled the postponing of the date further.

United Spirits Q2 net profit profit up Rs 929 crore

Liquor major United Spirits Monday posted a net profit of Rs 929.3 crore for the second quarter ended September 30, 2015, on the back of Rs 870 crore share sale in United Breweries Ltd.

United Spirits gets MCA, I-T Dept notices to inspect books

USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of a similar nature" with certain "additional parties", in which the probe had raised concerns.

United Spirits logs Q4 net loss at Rs 1,799 crore

Liquor firm United Spirits Ltd (USL) on Wednesday reported a standalone net loss of Rs 1,799.28 crore for the three months ended March 2015 on account of increasing debt and liabilities.

United Spirits snubs BSE too on Vijay Mallya probe report

Engaged in a boardroom battle with its Chairman Vijay Mallya, United Spirits has refused to share with the BSE its inquiry report on alleged fund diversion to UB Group firms, after rejecting a similar demand from another stock exchange NSE to make the report public.

United Spirits appoints new Finance Head, Company Secretary

These appointments came in the wake of Diageo-owned United Spirits' Board asking its erstwhile promoter and current Chairman Vijay Mallya to quit alleging fund diversion to Kingfisher and other UB Group entities.

USL shares down 2.5% as Mallya asked to quit board

The stock lost 2.44 per cent to Rs 3,330 on the BSE, while at NSE, it went down by 2.52 per cent to Rs 3,330.

Vijay Mallya says only shareholders can 'oust' him from USL

Vijay Mallya says only shareholders can 'oust' him from USL

Mallya also said that only "shareholders can 'oust' a Director" and he would continue to function as USL Chairman "in the normal manner".

Diageo asks Mallya to quit USL board; alleges fund diversion

Diageo asks Mallya to quit USL board; alleges fund diversion

However, Mallya refused to resign and said the inferences and allegations are unjustified and false.

Diageo asks Vijay Mallya to step down as Chairman of United Spirits

Diageo, the world's largest spirits maker on Saturday asked Vijay Mallya to resign from the board of United Spirits (USL).

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 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.

United Spirits to report to BIFR as 50% peak networth eroded

The board of United Spirits Monday approved reporting of erosion of more than half of its peak networth to BIFR, the tribunal for sick companies.