Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Last Updated: Sunday, September 13, 2015, 12:45

Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the USD 3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.

Diageo may not be able to recover $135mn loan from Vijay Mallya firm

Last Updated: Sunday, September 6, 2015, 12:29

The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.

Kingfisher Airlines' company secretary leaves

Last Updated: Tuesday, August 4, 2015, 22:53

Grounded Kingfisher Airlines Tuesday said Bharath Raghavan has ceased to be its company secretary and compliance officer from July 31.

Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Last Updated: Thursday, July 30, 2015, 21:20

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence.

Mallya's UBHL says no default on interest payment to USL

Last Updated: Friday, July 24, 2015, 12:00

Vijay Mallya-led United Breweries (Holdings) Ltd on Friday said it has not defaulted on payment of interest to its erstwhile group firm United Spirits Ltd (USL), a day after USL said it is initiating process to recover dues totalling Rs 1,337 crore.

United Spirits posts Q1 net profit at Rs 19.92 cr

Last Updated: Thursday, July 23, 2015, 21:33

The Diageo-controlled United Spirits Thursday reported a stand-alone net profit of Rs 19.92 crore for the first quarter ended June on the back of higher sales.

SC dismisses Vijay Mallya's plea in FERA violation case

Last Updated: Monday, July 13, 2015, 11:28

The Supreme Court on Monday dismissed liquor baron Vijay Mallya's plea seeking quashing of criminal proceedings against him in a case pertaining to violation of foreign exchange rules.

Supreme Court rejects Vijay Mallya's plea against foreign exchange rules

Last Updated: Monday, July 13, 2015, 11:00

Meanwhile last week, Diageo-controlled United Spirits Ltd (USL) had exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.

UTI-IAS acquires Mallya' 3.97% UBL voting rights after default

Last Updated: Wednesday, June 10, 2015, 17:03

Post this development, Mallya's voting rights in the company remain just 0.06 per cent.

Sebi asks Mallya group holding firm to restate accounts

Last Updated: Saturday, May 30, 2015, 21:43

Sebi has asked his group holding company UBHL to restate its financial accounts for two previous years to address issues flagged by the auditors.

United Breweries reports Q4 net profit at Rs 48.13 crore

Last Updated: Thursday, May 28, 2015, 23:28

Liquor firm United Breweries Ltd (UBL) Thursday reported a standalone net profit of Rs 48.13 crore for the quarter ended March 31, 2015.

United Spirits gets MCA, I-T Dept notices to inspect books

Last Updated: Wednesday, May 27, 2015, 15:15

USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of a similar nature" with certain "additional parties", in which the probe had raised concerns.