Vijay Mallya: From bad to worse for 'King of Good Times'

Last Updated: Monday, April 27, 2015, 19:11

Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.

Vijay Mallya's boardroom battle casts shadow on USL, UB Group shares

Last Updated: Monday, April 27, 2015, 18:03

Amid a boardroom battle at Diageo- owned United Spirits to oust Chairman Vijay Mallya, shares of the company as also that of various UB Group firms including long-grounded Kingfisher Airlines fell sharply Monday.

Will discuss the issue bilaterally with Diageo: Vijay Mallya

Last Updated: Monday, April 27, 2015, 17:14

Liquor baron Vijay Mallya, who has been asked to quit from the chairmanship of the board of Diageo-controlled United Spirits, Monday said he will discuss the issue bilaterally with the world's largest spirits maker.

Vijay Mallya Vs Diageo: SEBI to look into disclosure, other lapses

Last Updated: Sunday, April 26, 2015, 18:45

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog SEBI and other regulatory agencies have begun looking into suspected irregularities at the company, including about the alleged fund diversion and disclosure-related lapses.

Vijay Mallya says only shareholders can 'oust' him from USL

Last Updated: Sunday, April 26, 2015, 15:07

Mallya also said that only "shareholders can 'oust' a Director" and he would continue to function as USL Chairman "in the normal manner".

Diageo asks Mallya to quit USL board; alleges fund diversion

Last Updated: Saturday, April 25, 2015, 20:40

However, Mallya refused to resign and said the inferences and allegations are unjustified and false.

Diageo asks Vijay Mallya to step down as Chairman of United Spirits

Last Updated: Saturday, April 25, 2015, 20:28

Diageo, the world's largest spirits maker on Saturday asked Vijay Mallya to resign from the board of United Spirits (USL).

Diageo to buy Mallya's remaining 50% stake in African firm

Last Updated: Thursday, April 2, 2015, 13:51

"Diageo will acquire this further interest from Pestello Investments Inc for an initial payment of USD 22 million and a potential earn-out payment of up to USD 14 million," the statement added.

United Spirits shuts down manufacturing unit in West Bengal

Last Updated: Thursday, March 5, 2015, 21:32

Liquor major United Spirits has shut down its manufacturing unit at Hooghly, West Bengal citing space constraints and other operational issues.

Diageo confident of retaining majority stake in United Spirits

Last Updated: Thursday, January 29, 2015, 23:22

Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain majority shareholding in the Indian firm even if the outcome of the cases were not to be in its favour.

USL jumps nearly 7% after shareholders approve Diageo pacts

Last Updated: Monday, January 12, 2015, 17:08

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.