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Diageo may reduce settlement payout to Vijay Mallya on 'improper transactions' charges

Diageo may reduce settlement payout to Vijay Mallya on 'improper transactions' charges

Zee Media Bureau 

Mumbai: The saga of USL investigating into the 'improper transaction' worth Rs 1,225.3 crore allegedly conducted by Vijay Mallya may have a bearing on the settlement money due to receive from Diageo Plc.

Vijay Mallya refutes USL's allegations on fund diversion

Vijay Mallya refutes USL's allegations on fund diversion

A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman today said all transactions were "legal and above board" and the company was now making "unfounded allegations".

 United Spirits enquiry reveals Vijay Mallya and his firms diverted over Rs 1,225.30 crore

United Spirits enquiry reveals Vijay Mallya and his firms diverted over Rs 1,225.30 crore

In an additional enquiry, United Spirits Ltd (USL), the Diageo Plc-controlled company, said that Vijay Mallya and his firms have diverted funds over Rs 1,225.30 crore between October 2010 and July 2014.

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.

SBI-led consortium files counter to UBHL claim of Rs 594 crore

SBI-led consortium files counter to UBHL claim of Rs 594 crore

A consortium of banks led by State Bank of India Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.

ECL Finance invokes 9.30 lakh pledged USL shares

Financial services firm ECL Finance has invoked 9.30 lakh shares of United Spirits, worth about Rs 234.92 crore, pledged by Vijay Mallya-led McDowell Holdings Ltd.

SC to hear plea to restrain Vijay Mallya from leaving country

SC to hear plea to restrain Vijay Mallya from leaving country

The Supreme Court will hear on Wednesday a plea filed by public sector banks seeking a direction that liquor baron Vijay Mallya be restrained from leaving India.

Loan default case: SC to hear banks' plea to restrain Vijay Mallya from leaving India

Loan default case: SC to hear banks' plea to restrain Vijay Mallya from leaving India

In a move that may compound woes of liquor baron Vijay Mallya, the Supreme Court Tuesday agreed to hear on Wednesday a plea of 13 banks, which had advanced loans of over Rs 9,000 crore to his firm, seeking a direction to restrain him from leaving India.

Vijay Mallya's USL exit: Kingfisher Airlines lenders to move DRT

Vijay Mallya's USL exit: Kingfisher Airlines lenders to move DRT

The consortium of 17 lenders to the long grounded Kingfisher Airlines have decided to move the Debt Recovery Tribunal (DRT) against the airline Chairman Vijay Mallya to stake claim on the USD 75 million severance package he will be getting for quitting United Spirits (USL).

Vijay Mallya exits USL but over 2 lakh investors still stuck in KFA

Vijay Mallya exits USL but over 2 lakh investors still stuck in KFA

In an irony of sorts, over two lakh investors are estimated to be stuck with shares of long- grounded Kingfisher Airlines even as its lenders are now eyeing the Rs 515-crore bounty sealed by main promoter Vijay Mallya as part of a 'sweetheart deal' to exit United Spirits.

USL to pursue recovery of Rs 1,337 cr loan from UB Holdings

Diageo-controlled United Spirits Friday said it will continue to pursue recovery of loans worth Rs 1,337 crore from its erstwhile promoter group firm United Breweries Holdings through "dialogue or other legal means".

Vijay Mallya exits United Spirits Limited: Interesting facts

In a deal that puts him on the winning side, Vijay Mallya on Thursday resigned as the chairman of United Spirits Limited but not before pocketing a cool Rs 515 crore.

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 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.

Cash-strapped Mohun Bagan to sue principal sponsor USL

Cash-strapped Mohun Bagan to sue principal sponsor USL

It's reliably learnt that USL has not paid a single penny to Mohun Bagan from November 2014 to March 2015.

Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the USD 3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.

United Spirits scrip jumps over 5% on smart Q1 results

United Spirits' stock Friday went up by over 5 percent after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.

United Spirits posts Q1 net profit at Rs 19.92 cr

The Diageo-controlled United Spirits Thursday reported a stand-alone net profit of Rs 19.92 crore for the first quarter ended June on the back of higher sales.

Vijay Mallya diverted Rs 170 crore from United Spirits Ltd firm to IPL account: Report

Vijay Mallya diverted Rs 170 crore from United Spirits Ltd firm to IPL account: Report

In 2011 when Liquor baron Vijay Mallya had complete control over United Spirits Ltd (USL) almost Rs 170 crore were diverted from the company to the accounts of his Indian Premier League (IPL) team Royal Challengers Bangalore (RCB), according to a report published in DNA on May 29.

NSE asks USL to make Vijay Mallya probe report public; company refuses

Taking forward its probe into the entire matter, the National Stock Exchange had asked United Spirits Ltd (USL) to provide a detailed report on its inquiry for "the public dissemination purpose".