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.

SC dismisses Vijay Mallya's plea in FERA violation case

Last Updated: Monday, July 13, 2015, 11:28

The Supreme Court on Monday dismissed liquor baron Vijay Mallya's plea seeking quashing of criminal proceedings against him in a case pertaining to violation of foreign exchange rules.

Supreme Court rejects Vijay Mallya's plea against foreign exchange rules

Last Updated: Monday, July 13, 2015, 11:00

Meanwhile last week, Diageo-controlled United Spirits Ltd (USL) had exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.

UB Group to hike stake in MCFL; to buy shares from Zuari

Last Updated: Sunday, May 31, 2015, 13:11

Now, United Breweries (Holdings) Ltd (UBHL) has decided to exercise its option whereby both the company and Zuari Group would have equal stakes in MCFL.

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 Bank says lost hope to recover money from Kingfisher Airlines

Last Updated: Sunday, May 24, 2015, 11:39

United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.

Zuari Group acquires additional 36.56% stake in MCFL

Last Updated: Tuesday, May 19, 2015, 15:50

UB Group, the original promoter, has 21.97% stake. Together, they will have 75% stake in MCFL.

Zuari says offer to buy over 36% stake in MCFL oversubscribed

Last Updated: Sunday, May 17, 2015, 16:14

After the transfer of these shares, Zuari group would have 53.03 percent stake in MCFL. UB group, the original promoter, has 21.97% stake.

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.