United Spirits' CFO and Executive Director P A Murali resigns

Last Updated: Thursday, April 23, 2015, 12:53

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.

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.

USL gets High Court approval for transfer of distillery

Last Updated: Friday, February 20, 2015, 20:51

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.

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.

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

Last Updated: Saturday, January 24, 2015, 17:13

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.

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.

USL gets minority shareholders nod for Diageo licensing deal

Last Updated: Saturday, January 10, 2015, 21:04

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

United Spirits minority shareholders reject 9 proposals at EGM

Last Updated: Sunday, November 30, 2014, 15:43

Shareholders at the November 28 EGM rejected approval to a loan agreement dated July 3, 2013 between United Spirits Ltd (USL) and United Breweries (Holdings) Ltd.

United Spirits charts plan to sell Whyte & Mackay

Last Updated: Thursday, January 9, 2014, 20:52

Up against a regulatory hurdle in the UK over the USD 2 billion takeover by global liquor giant Diageo, United Spirits' board today approved a plan to sell Whyte & Mackay Ltd (W&M), an indirect wholly-owned subsidiary of the company.

CCI okays United Spirits deal to sell Tamil Nadu distillery

Last Updated: Friday, December 27, 2013, 19:27

Fair trade watchdog CCI has cleared Vijay Mallya-led United Spirits' proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, as the deal does not raise adverse competition concerns.

United Spirits tumbles nearly 4% after Karnataka HC order

Last Updated: Monday, December 23, 2013, 19:39

Shares of United Spirits Monday slipped nearly 4 percent after the Karnataka High Court declared as "null and void" the sale of shares of the Indian firm by its holding company to UK-based Diageo.