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.

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.

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.

Court annuls Vijay Mallya's United Spirits sale to Diageo

Last Updated: Friday, December 20, 2013, 19:25

A Division Bench comprising Justices N Kumar and Rathnakala said the deal is void until a conclusion is reached on the winding up petitions against UB Holdings.

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.

United Spirits shares slump over 8% on UK regulatory hurdle

Last Updated: Tuesday, November 26, 2013, 13:19

Shares of United Spirits today fell more than 8 per cent amid profit booking after liquor giant Diageo's USD 2 billion buyout of the Indian firm hit a regulatory hurdle.

Diageo to sell Whyte & Mackay biz amid UK regulatory concerns

Last Updated: Monday, November 25, 2013, 17:42

In February this year, the Competition Commission of India (CCI) had approved Diageo' majority stake purchase in United Spirits and the deal was worth about USD 2 billion.

Diageo may miss deadline to fully acquire 27.40% stake in USL

Last Updated: Friday, November 8, 2013, 21:40

In a filing to BSE, Relay B V, a wholly-owned subsidiary of Diageo Plc, said acquisition of 2.38 percent from USL Benefit Trust is yet to be completed.

USL to offer upto 11.5% return on public deposit scheme

Last Updated: Wednesday, September 25, 2013, 15:42

UB Group firm United Spirits Ltd, in which Diageo has a significant stake, Wednesday launched a fixed deposit scheme offering interest of up to 11.5 percent.

Diageo portfolio integration to make USL more powerful: Mallya

Last Updated: Tuesday, September 24, 2013, 17:52

"USL has embarked upon premiumisation policy with focus on premium brands where we achieved strong double-digit growth that will mitigate the cost increase implication to some extent," Mallya told reporters after the USL Annual General Body meeting here.

United Spirits to be Diageo's sales agent in India

Last Updated: Sunday, September 15, 2013, 12:00

World's largest spirits maker Diageo Plc will use United Spirits, in which it picked 25.02 percent stake for Rs 5,235.85 crore, as the entity to sell all its brands in India as part of plans to consolidate its business in the country.