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.

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 Breweries Holdings Q1 net down 99.73% at Rs 2.15 crore

Last Updated: Friday, July 24, 2015, 11:24

United Breweries (Holdings) Ltd (UBHL) on Friday reported a 99.73 percent fall in its net profit at Rs 2.15 crore for the first quarter ended June 30, 2015 on account of lower sales and exceptional item reported in the corresponding period last year.

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.

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 confident of retaining majority stake in United Spirits

Last Updated: Thursday, January 29, 2015, 23:22

Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain majority shareholding in the Indian firm even if the outcome of the cases were not to be in its favour.

UB group stocks fall up to 5%

Last Updated: Wednesday, April 3, 2013, 13:27

Shares of UB group firms today tanked up to 5 percent after the Bombay High Court refused to restrain banks from selling shares of United Spirits pledged as security against loans to Kingfisher Airlines.

UBHL auditors raise concern over exposure to ailing Kingfisher

Last Updated: Wednesday, February 6, 2013, 15:27

Auditors of UBHL, the holding company of Vijay Mallya-led UB Group, have raised concerns over its significant financial exposure of Rs 13,500 crore to the grounded carrier Kingfisher Airlines.