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SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL

Last Updated: Monday, May 26, 2014, 18:59

Global liquor giant Diageo Plc has received market regulator SEBI's clearance for an open offer to acquire additional 26 percent stake in United Spirits Ltd for Rs 11,448.91 crore.

United Spirits' stock down almost 3% on bourses

Last Updated: Monday, May 12, 2014, 22:56

Shares of United Spirits closed almost three percent down Tuesday after the company said it will sell its UK-arm Whyte & Mackay for 430 million pounds (about Rs 4,360 crore) to Philippines-based Emperador.

United Spirits appoints Anand Kripalu as CEO

Last Updated: Wednesday, April 30, 2014, 16:13

Liquor firm United Spirits Ltd (USL) on Wednesday said its Board has appointed Anand Kripalu as the Chief Executive Officer of the company with effect from May 1.

United Spirits stock up nearly 12% on Diageo open offer

Last Updated: Tuesday, April 15, 2014, 17:23

Shares of United Spirits Ltd Tuesday zoomed nearly 12 percent after liquor major Diageo Plc made a Rs 11,448.91 crore offer to public shareholders of the company to acquire an additional 26 percent stake.

USL to offer upto 11.5% return on public deposit scheme

Last Updated: Wednesday, September 25, 2013, 15:42

UB Group firm United Spirits Ltd, in which Diageo has a significant stake, Wednesday launched a fixed deposit scheme offering interest of up to 11.5 percent.

United Spirits appoints Anand Kripalu as next MD an CEO

Last Updated: Tuesday, September 24, 2013, 19:45

United Spirits Ltd (USL) today said its board has appointed Anand Kripalu as CEO-Designate of USL with effect from 1 October 2013 and he will assume charge as MD and CEO on May 1 2014.

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.

USL allots 1.45 cr shares on preferential basis to Diageo

Last Updated: Monday, May 27, 2013, 14:32

On November 9, 2012 Diageo had announced buying a 53.4 percent stake in USL for Rs 11,166.5 crore in a multi-structured deal.

USL Q4 profit jumps five-fold to Rs 56 crore

Last Updated: Thursday, May 16, 2013, 16:32

The company had posted a net profit of Rs 10.01 crore in the corresponding period of the previous fiscal.

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.

Diageo-USL deal hits CCI hurdle; regulator suggests changes

Last Updated: Wednesday, January 16, 2013, 12:11

The anti-trust regulator has asked the companies to rework the ambiguous parts and make the deal more definitive in nature.

United Spirits pledges entire 3.21% stake in United Breweries

Last Updated: Monday, January 07, 2013, 23:21

United Spirits Ltd (USL) has pledged its entire 3.21 percent stake in group firm United Breweries for an undisclosed amount.