Diageo's Indian-origin CEO to get up to Rs 105-cr pay package

Last Updated: Sunday, August 18, 2013, 14:06

Diageo, which owns brands like Johnnie Walker, Smirnoff, Baileys and Guinness, recently acquired a significant stake in India's leading liquor firm United Spirits from Vijay Mallya- led UB group in a deal worth over USD 2 billion.

UK opens Diageo-United Spirits deal for competition review

Last Updated: Monday, July 22, 2013, 20:40

Britain Monday launched a consultation process into the merger of Vijay Mallya-owned United Spirits and Diageo, maker of the famed Johnnie Walker whisky, to ensure the deal does not violate any competition rules.

Diageo, USL open offer for Pioneer Distilleries from Aug 28

Last Updated: Thursday, July 11, 2013, 18:23

UK-based Diageo Plc and United Spirits will launch their open offer for acquiring shares worth Rs 15.78 crore of Vijay Mallya group firm Pioneer Distilleries on August 28.

Diageo completes stake purchase in USL, gets only 25.02%

Last Updated: Thursday, July 4, 2013, 21:23

The world's largest spirits maker Diageo Plc Thursday said it has acquired 25.02 percent stake in Vijay Mallya-led United Spirits Ltd (USL) on completion of a share purchase deal announced last year, getting less than half of what it had originally planned.

USL allots 1.45 cr shares on preferential basis to Diageo

Last Updated: Monday, May 27, 2013, 14:32

On November 9, 2012 Diageo had announced buying a 53.4 percent stake in USL for Rs 11,166.5 crore in a multi-structured deal.

Lukewarm response to Diageo's open offer for United Spirits

Last Updated: Wednesday, May 15, 2013, 21:17

The offer was part of the nearly USD 2-billion deal that would see Diageo snapping up majority stake in United Spirits.

Indian-origin Ivan Menezes named Diageo CEO

Last Updated: Tuesday, May 7, 2013, 17:49

The Britain-based, world's biggest spirits group and maker of brands like Smirnoff vodka, Johnnie Walker scotch and Guinness beer, said in a statement Tuesday that Menezes would take over as CEO with effect from July 1 this year.

Diageo's open offer for United Spirits to start from April 10

Last Updated: Friday, April 5, 2013, 13:18

CCI had given its nod to the deal in February this year.

Srei to liquidate Rs 430 cr Kingfisher debt post Diageo deal

Last Updated: Sunday, March 10, 2013, 13:16

Financial services major Srei group plans to liquidate its Rs 430 crore loan exposure to Kingfisher Airlines soon after closure of a proposed majority takeover of another UB Group firm United Spirits by Diageo.

All regulatory approvals in place for Diageo-USL deal: Mallya

Last Updated: Tuesday, March 5, 2013, 19:05

Liquor baron Vijay Mallya on Tuesday said United Spirits and Diageo Plc have received all regulatory approvals for their Rs 11,166.5 crore deal under which the Indian spirits maker will sell 53.4 percent to the UK-based firm.

Diageo-USL deal to boost premium liquor brand market: CCI

Last Updated: Friday, March 1, 2013, 13:51

After seeking clarifications and changes four times in a proposed acquisition of majority stake by UK-based Diageo in UB group's United Spirits Ltd, fair trade regulator CCI has ruled that the deal would give a boost to entry of premium brands in alcoholic beverage market.

Competition Commission clears United Spirits-Diageo deal

Last Updated: Thursday, February 28, 2013, 21:09

Fair trade regulator Competition Commission has approved UK major Diageo Plc's proposed majority stake purchase in Vijay Mallya-led United Spirits, saying the deal would not have adverse impact on competition.