MCFL shares surge over 15% on Zuari open offer

Last Updated: Friday, December 5, 2014, 14:22

Shares of Mangalore Chemicals and Fertilizers Ltd (MCFL) surged over 15 percent on Friday on industrialist Saroj Poddar-led Zuari group's decision to spend upto Rs 282.19 crore to buy over three crore shares in the UB Group firm through a new open offer.

MCFL appoints Mallya's step-mother Ritu Mallya as Director

Last Updated: Thursday, December 4, 2014, 17:36

In a filing to the BSE, MCFL said, "... The company's Board of Directors has appointed Mrs Ritu Mallya as a Director of the Company with immediate effect."

Fert Min for continuation of subsidy to closed urea plants

Last Updated: Wednesday, December 3, 2014, 21:41

To maintain domestic production of urea in the country, Fertilizer Ministry will soon move a Cabinet note for continuation of subsidy to three closed naptha-based urea plants, including that of a UB Group firm.

Vijay Mallya's exit brings fizz to UB stocks; troubles mount further

Last Updated: Tuesday, December 2, 2014, 21:07

In an irony of sorts, self-proclaimed 'King of Good Times' Vijay Mallya Tuesday saw shares of his various group companies soar higher even as fresh troubles surfaced in form of the group's holding entity being slapped with yet another 'wilful defaulter' tag.

Govt rejects Vijay Mallya's reappointment as Kingfisher MD; quits MCFL board too

Last Updated: Monday, December 1, 2014, 20:43

In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL.

Govt says no to Mallya's reappointment as Kingfisher CMD

Last Updated: Monday, December 1, 2014, 20:16

In a fresh blow to UB Group chief Vijay Mallya, the government has rejected an application by Kingfisher Airlines to re-appoint him as Managing Director.

Vijay Mallya resigns from board of UB group fertiliser firm MCFL

Last Updated: Monday, December 1, 2014, 16:02

In a surprise move, Vijay Mallya has resigned as director from his group firm Mangalore Chemicals and Fertilizers, which is the target of a takeover battle between Deepak Fertilisers and Zuari Group.

United Spirits slumps after court annuls Diageo deal

Last Updated: Monday, December 23, 2013, 11:44

United Breweries Holdings initially fell as much 9.1 percent, but was down 3.6 percent at 9.31 am, compared with a 0.4 percent gain in the broader Nifty.

Intend to challenge Karnataka HC order, say USL, Diageo

Last Updated: Saturday, December 21, 2013, 00:21

"We will take all necessary steps to protect Diageo's interests as well as our own," UB Group Chairman Vijay Mallya said in a statement.

Diageo acquires United Spirits shares worth Rs 472 cr

Last Updated: Tuesday, November 26, 2013, 20:54

World's largest spirits maker Diageo Plc, which is in the process of acquiring majority stake in United Spirits, Tuesday picked up more than 19 lakh shares of the Vijay Mallya-led distiller for over Rs 472 crore.

Mallya's UB Group to pump $2 mn in loss-making US brewer

Last Updated: Sunday, November 24, 2013, 11:19

Liquor baron Vijay Mallya-led UB Group has decided to infuse USD 2 million in a US-based loss making firm Mendocino Brewing Company to revive its fortunes.

UBHL submits audited accounts statement of share sale to HC

Last Updated: Wednesday, September 25, 2013, 18:58

Vijay Mallya-headed United Breweries Holdings Limited (UBHL) Wednesday submitted its audited statement of accounts related to a stake sale deal before the Karnataka High Court.