Diageo may not be able to recover $135mn loan from Vijay Mallya firm

Last Updated: Sunday, September 6, 2015, 12:29

The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.

United Spirits, Kingfisher Airlines face axe for listing violations

Last Updated: Sunday, August 23, 2015, 18:14

More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating the Listing Agreement provisions set forth by SEBI and exchanges.

United Spirits scrip jumps over 5% on smart Q1 results

Last Updated: Friday, July 24, 2015, 19:42

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.

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

Last Updated: Friday, July 24, 2015, 12:00

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.

UBL to initiate process to recover Rs 1,337 crore

Last Updated: Thursday, July 23, 2015, 23:59

UK's Diageo group-controlled United Spirits today alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it is initiating process to recover dues totaling to Rs 1,337 crore.

United Spirits posts Q1 net profit at Rs 19.92 cr

Last Updated: Thursday, July 23, 2015, 21:33

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.

Sebi asks Mallya group holding firm to restate accounts

Last Updated: Saturday, May 30, 2015, 21:43

Sebi has asked his group holding company UBHL to restate its financial accounts for two previous years to address issues flagged by the auditors.

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

Last Updated: Wednesday, May 27, 2015, 15:15

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

Last Updated: Wednesday, May 27, 2015, 11:32

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

Last Updated: Thursday, May 7, 2015, 13:21

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.

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

Last Updated: Wednesday, May 6, 2015, 21:46

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".

NSE asks USL to make public fund diversion to Vijay Mallya's UB Group

Last Updated: Wednesday, May 6, 2015, 20:57

Alleging fund diversions, United Spirits' new own Diageo had recently asked Vijay Mallya to step down at the Chairman and Director of the Indian liquor firm.