News WrapGet Handpicked Stories from our editors directly to your mailbox

United Spirits Ltd

Paradise Papers: Sebi lens on companies linked to Vijay Mallya for fund diversion

While some entities linked to Mallya are already being probed by Sebi and other agencies, any fresh disclosure in the leaked documents made public by ICIJ (International Consortium of Investigative Journalists) would be thoroughly looked into, senior officials said.

Nov 06, 2017, 15:34 PM IST

USL to start selling properties previously owned by Vijay Mallya

United Spirits Ltd (USL) plans to sell 13 properties, earlier owned by its former Chairman and promoter Vijay Mallya, who has failed to buy back within an agreed deadline.

May 30, 2017, 23:53 PM IST

Another setback for Vijay Mallya: United Breweries asks him to step down from board

The board of United Breweries Wednesday asked Vijay Mallya to step down as its non-executive chairman following a SEBI order which barred the embattled businessman from holding directorship in any listed company.

Feb 08, 2017, 22:22 PM IST

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.

Jul 09, 2016, 18:29 PM IST

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.

Mar 21, 2016, 22:16 PM IST

ECL Finance invokes 72,250 pledged USL shares

Financial services firm ECL Finance has invoked 72,250 shares worth around Rs 18.25 crore of Diageo-led United Spirits pledged by United Breweries (Holding) Ltd (UBHL)

Mar 18, 2016, 18:58 PM IST

Vijay Mallya in talks with banks to clear Kingfisher Airlines dues

Kingfisher Airlines chairman Vijay Mallya on Tuesday claimed that he was in talks with banks to settle dues of the defunct airline, saddled with a whopping Rs 8,700 crore loan.

Nov 24, 2015, 21:54 PM IST

Fresh trouble for Vijay Mallya: SFIO probes fund diversions by Kingfisher Airlines

In fresh troubles for Vijay Mallya-led UB Group, the Serious Fraud Investigation Office (SFIO) is probing alleged fund diversions by the long-grounded Kingfisher Airlines to other group firms and has sought details from United Spirits in this regard.

Sep 15, 2015, 21:56 PM IST

Mallya's UBHL says no default on interest payment to USL

Vijay Mallya-led United Breweries (Holdings) Ltd on Friday said it has not defaulted on payment of interest to its erstwhile group firm United Spirits Ltd (USL), a day after USL said it is initiating process to recover dues totalling Rs 1,337 crore.

Jul 24, 2015, 12:00 PM IST

DNA: Analysis of Vijay Mallya's 'fund transfer formula'

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

Jun 03, 2015, 00:18 AM IST

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.

Jun 01, 2015, 15:26 PM IST

Mallya-USL row: ICAI seeks details from Sebi on auditors' role

The ICAI has powers to initiate disciplinary action against auditors if they are found to have indulged in malpractices.

May 01, 2015, 20:45 PM IST

United Spirits' CFO and Executive Director P A Murali resigns

Liquor firm United Spirits Ltd (USL) today said its Executive Director (ED) and Chief Financial Officer (CFO) P A Murali has resigned from the company.

Apr 23, 2015, 12:53 PM IST

USL gets High Court approval for transfer of distillery

Vijay Mallya-led United Spirits Ltd on Friday said it has got necessary approvals from the High Court of Karnataka to transfer of a distillery in Tamil Nadu to Enrica Enterprises.

Feb 20, 2015, 20:51 PM IST

United Spirits Q3 net profit up 21% at Rs 79 cr

Liquor major United Spirits Ltd Saturday posted 21.58 percent increase in net profit at Rs 78.81 crore for the third quarter ended December 31.

Jan 24, 2015, 17:13 PM IST

USL jumps nearly 7% after shareholders approve Diageo pacts

USL's scrip climbed 6.63 percent to settle at Rs 3,050.45 on the BSE. During the day, it gained 9.85 percent to Rs 3,142.55 -- its 52-week high. At the NSE, shares of USL soared 6.30 percent to end at Rs 3,037.

Jan 12, 2015, 17:08 PM IST

USL gets minority shareholders nod for Diageo licensing deal

The company said 76.33 percent of the minority shareholders approved its proposal, a tad over the 75 percent requirement.

Jan 10, 2015, 21:04 PM IST

United Spirits to offload 11.35% stake in Pioneer Distilleries

United Spirits Ltd will sell 11.35 percent stake in Pioneer Distilleries Ltd to comply with regulatory requirements of having 25 percent public shareholding.

Sep 22, 2014, 13:48 PM IST

BSE sets 20% circuit limit for United Spirits

Leading stock exchange BSE Thursday revised the circuit limits--a range that stocks can trade in-- for United Spirits Ltd and 18 other companies, as part of surveillance action.

Sep 18, 2014, 19:15 PM IST

USL board orders probe into loans to UB Group companies

The Board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted a whopping net loss of Rs 4,488.77 crore for the financial year ended March 31, 2014.

Sep 05, 2014, 14:31 PM IST