United Spirits

  • Morgan Stanley resumes United Spirits at 'overweight' 22-05-2013 11:50 AM

    Mumbai: Morgan Stanley resumes coverage of United Spirits Ltd with an "overweight" rating and a target price of Rs 3,115. The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker. Morgan Stanley says United Spirits could also focus on the...
  • We're yet to hear from Kingfisher: SBI chief 24-11-2012 05:16 PM

    Pune: With barely a week left ahead of the November 30 deadline set by bankers to pump in fresh capital into the grounded Kingfisher Airlines, the lead lender State Bank of India on Saturday said it has not heard from the company so far. "Kingfisher as a company has not...
  • Diageo deal could pull Kingfisher from the brink 14-11-2012 07:11 PM

    Mumbai/Delhi: Liquor baron Vijay Mallya's $2.1 billion deal to sell a stake in United Spirits could throw a lifeline to his grounded Kingfisher Airlines, although pulling the carrier back from the brink will not be easy. The flamboyant "King of Good Times" is keeping his plans to himself for now....
  • United Spirits shares jump on Diageo deal 12-11-2012 11:56 AM

    Mumbai: Shares of United Spirits Ltd jumped as much as 21 per cent on Monday to a two-year high after several brokerages upgraded the stock, saying the Indian liquor company sold a stake to Diageo at a higher-than-expected price. Morgan Stanley raised its rating on United Spirits to 'overweight' from...
  • Diageo to acquire 53.4 pc in Mallya's United Spirits 09-11-2012 02:30 PM

    New Delhi: Vijay Mallya owned United Breweries on Friday signed a $2 billion deal with Diageo group and sold controlling stake of 53.4 per cent in United Spirits Limited (USL). Announcing the deal, Mallya said, "The cash infusion will help USL de-leverage itself. It is a win-win situation for both...
  • UB Group records Rs 34.2 cr second-quarter profit 09-11-2012 09:40 AM

    Mumbai: United Breweries Ltd on Friday posted a net profit of Rs 34.2 crore for the second quarter ended September 30, as against Rs 19.5 crore in the year-ago period. The revenue of the company, part of Vijay Mallya-led UB Group, also rose to Rs 875 crore in the same...
  • Diageo to buy stake in Mallya's USL for $ 1 bn 09-11-2012 09:00 AM

    New Delhi: Vijay Mallya-owned United Breweries has reached a deal with the world's largest producer of spirits Diageo and the deal close to a billion dollars is expected to be announced on Friday. Diageo is likely to take the management control post the deal, while Mallya will continue to remain...
  • Management control, competition norms hit USL-Diageo deal 23-10-2012 09:20 PM

    New Delhi: Vijay Mallya's quest to raise funds seems to have hit a speed breaker. Sources say that the United Spirits Limited-global spirits company Diageo deal has hit a roadblock over issues related to management control. According to sources there are two important issues that have to be clarified. First,...
  • It's war when it comes to the liquor industry 18-10-2011 11:14 AM

    "All is fair in love and war and when it comes to the liquor industry, it is war." This was an extract from a note signed by none other than the man they called the King of Good Times. It landed on the table of Ramesh Vangal, the Asia-Pacific head...
  • Mallya eyes Chinese markets 07-09-2006 01:01 PM

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