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.

United Spirits appoints new Finance Head, Company Secretary

Last Updated: Monday, April 27, 2015, 14:21

These appointments came in the wake of Diageo-owned United Spirits' Board asking its erstwhile promoter and current Chairman Vijay Mallya to quit alleging fund diversion to Kingfisher and other UB Group entities.

USL shares down 2.5% as Mallya asked to quit board

Last Updated: Monday, April 27, 2015, 13:02

The stock lost 2.44 per cent to Rs 3,330 on the BSE, while at NSE, it went down by 2.52 per cent to Rs 3,330.

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).

Deepak fertiliser sells 12.1% stake in MCFL

Last Updated: Monday, April 13, 2015, 20:07

Pune-based Deepak Fertilisers has been competing with industrialist Saroj Poddar-led Zuari group for taking control of the MCFL since July 2013.

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Last Updated: Tuesday, April 7, 2015, 18:03

A bench of Justices Ranjan Gogoi and N V Ramana rejected Vijay Mallya-owned airlines' plea against the High Court's order.

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.

Loan recovery: SBI consortium takes over Kingfisher House

Last Updated: Tuesday, February 24, 2015, 17:24

Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI on Tuesday took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.