Press Trust of India | Monday September 28, 2015
According to sources, Mr Mallya said a candidate for the post of CFO at UBHL has been identified and the appointment will be made shortly, while he was still considering several candidates for the Managing Director's post.
NDTV | Wednesday September 16, 2015
An auditor's inquiry into United Spirits' financial accounts, conducted after Diageo took control, showed that between 2010 and 2013, funds were allegedly diverted illegally from the company to some of Mallya's group firms, including Kingfisher.
Press Trust of India | Tuesday September 15, 2015
Once a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo.
Press Trust of India | Sunday September 13, 2015
Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the $3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.
Press Trust of India | Sunday September 6, 2015
The world's largest spirits maker, Diageo, which acquired control of United Spirits (USL) in 2012, had issued a guarantee to Standard Chartered Bank for a $135 million (around Rs 900 crore) loan to Watson to release certain USL shares that were to be acquired as part of the deal.
Press Trust of India | Sunday August 23, 2015
More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating listing agreement provisions set forth by capital market regulator Securities and Exchange Board of India (Sebi) and bourses.
NDTV | Friday July 24, 2015
In a release to exchanges, United Spirits said commencement of direct sales of Diageo brands in June 2015 added Rs 42 crore to the net revenues of the company.
Press Trust of India | Thursday July 23, 2015
Diageo-controlled United Spirits on Thursday reported a standalone net profit of Rs 19.92 crore for the quarter ended June 2015, on the back of higher sales.
Press Trust of India | Friday July 24, 2015
United Spirits, controlled by the UK's Diageo group, on Thursday alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it was initiating the process to recover dues totaling Rs 1,337 crore.
Thomson Reuters | Thursday July 16, 2015
Some of India's biggest corporate names are investors in teams competing in what is the world's most lucrative cricket league -- including Reliance Industries Ltd, builder GMR Infrastructure Ltd, and United Spirits Ltd, owned by British beverages group Diageo Plc.
Thomson Reuters | Monday July 13, 2015
The country's enforcement directorate, responsible for fighting financial crime, has alleged Mr Mallya entered into an unauthorised agreement in 1995 to advertise the Kingfisher beer brand name on racing cars during Formula One championships between 1996 and 1998.
Press Trust of India | Thursday July 9, 2015
Dutch beer major Heineken on Wednesday ruled out changes in the ownership structure of United Breweries Ltd and its partnership with Vijay Mallya, despite its stake in the Indian firm going up to 42.1 per cent.
NDTV | Wednesday July 8, 2015
Heineken has increased its stake in Vijay Mallya-led United Breweries after the Dutch beer giant brought additional stake from United Spirits.
Press Trust of India | Tuesday July 7, 2015
Diageo-controlled United Spirits Ltd (USL) has exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.
NikhilNaz | Thursday July 2, 2015
Royal Challengers Bangalore have not won an IPL title but are two-time finalists. The Bangalore franchise is a wholly owned subsidiary of United Spirits LTD, which is majority owned by Diageo.
Wednesday June 10, 2015
The weariness in domestic equities seems to be overdone and the markets are likely to bottom out this week as the Nifty heads to the crucial support of 8,000
Thursday May 28, 2015
The notices sent to United Spirits are with respect to inspection of its account books after a probe ordered by its new management over alleged irregularities in loans given by United Spirits to various companies of Vijay Mallya-led UB Group.
Wednesday May 27, 2015
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.
Wednesday May 27, 2015
USL had registered a net loss of Rs 5,380.10 crore in the same period of the previous fiscal.
Press Trust of India | Thursday May 7, 2015
In a reply identical to the one sent to the NSE yesterday, Diageo-owned United Spirits Ltd (USL) has now told the BSE that it is "not in a position to make the internal report available to the BSE for onwards public dissemination" for various reasons including its confidentiality.
Wednesday May 6, 2015
In a fresh twist to the boardroom battle at Diageo-owned United Spirits, National Stock Exchange or NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya's UB Group, but the liquor maker has rejected the demand citing 'confidentiality'.
Sunday May 3, 2015
Facing a multi-agency scrutiny, Diageo-owned United Spirits Ltd (USL) may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.
Friday May 1, 2015
Concerned over the ongoing boardroom battle and the alleged lapses in the past, the minority shareholders of USL have also approached Sebi.
Tuesday April 28, 2015
Proxy advisory firm IiAS says tough questions need to be asked of Diageo and United Spirits auditors about the ongoing controversy involving Vijay Mallya, who was last week asked to resign as USL chairman for allegedly diverting funds to other UB group companies between 2010 and 2013.