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.

40 days in chains: Afghan shrine offers `cure` for evil spirits

Last Updated: Thursday, December 5, 2013, 15:27

All it took to land Din Muhammed in a cell at an Afghan shrine, chained up and living on bread for 40 days, was an argument with his father.

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.

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.

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.