UNITED SPIRITS LIMITED

  • Vijay Mallya escalates war on USL board; Diageo pores over 'contract' 14 hours 54 minutes ago

    New Delhi: Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya on Monday said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults". UK-based Diageo, which...
  • Diageo asks Vijay Mallya to quit United Spirits Limited board; alleges fund diversion 2 days ago

    New Delhi: Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he outrightly rejected. Diageo, which has bought controlling stake in United Spirits from UB Group, asked...
  • Diageo to acquire 53.4 pc in Mallya's United Spirits November 9, 2012

    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 deleverage itself. It is a winwin situation for both...
  • Diageo to buy stake in Mallya's USL for $ 1 bn November 9, 2012

    New Delhi: Vijay Mallyaowned 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 USLDiageo deal October 23, 2012

    New Delhi: Vijay Mallya's quest to raise funds seems to have hit a speed breaker. Sources say that the United Spirits Limitedglobal 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, about...