Friday February 28, 2014
Software company Tech Mahindra and liquor maker United Spirits, which is partially owned by Diageo PLC, would be included in Nifty from March 28, the National Stock Exchange (NSE) said.
Wednesday February 12, 2014
United Spirits has hired banks to help in the sale of its Whyte & Mackay Scotch whisky business, which could fetch 450 million pounds and is expected to kick off next week, sources told Reuters.
Monday February 10, 2014
In December, a regional Indian court ordered the annulment of the sale in response to a petition by creditors of United Breweries Holdings Ltd, which sold its stake in United Spirits to Diageo through a complicated share transaction.
Friday February 7, 2014
As the Office of Fair Trading (OFT), fair trade watchdog of the UK, continues to probe Diageo's purchase of controlling rights in United Spirits from India's UB group, the regulator on Thursday released a 53-page report detailing concerns posed by th...
Monday February 3, 2014
Diageo completed its takeover of United Spirits in July, almost eight months after the companies announced the deal because of legal and regulatory difficulties.
Friday January 31, 2014
UK-based global liquor giant Diageo on Friday acquired an additional 2.40 per cent stake in Vijay Mallya-led UB Group's United Spirits for an estimated Rs 866 crore through open market route.
Monday January 20, 2014
Vijay Mallya-promoted United Breweries Holding Ltd (UBHL) had sold nearly 10 million shares, or 6.9 per cent of USL, to Diageo in July last year. This sale was part of a bigger deal in which Diageo was to buy a 53.4 per cent stake in United Spirits f...
Thursday January 9, 2014
Up against a regulatory hurdle in the UK over the $2-billion takeover by global liquor giant Diageo, United Spirits' board has approved a plan to sell Whyte & Mackay Ltd (W&M), an indirect wholly-owned subsidiary of the company.
Wednesday January 1, 2014
Bombay Stock Exchange (BSE) has revised the circuit limits for share movement of Vijay Mallya-led United Breweries (Holdings) Ltd and six other companies.
Friday December 27, 2013
Post-deal, Enrica would make certain IMFS brands of United Spirits using technology and know-how and under the trademark of the Vijay Mallya firm.
Monday December 23, 2013
Karnataka High Court ordered the cancellation of the sale on Friday in response to a petition by creditors of United Breweries Holdings (UBHL), which sold its stake in United Spirits to the British firm through a complicated share transaction.
Friday December 20, 2013
United Spirits Ltd and Diageo have said they would take steps to protect their interests after the Karnataka High Court declared as "null and void" the sale of shares of the Indian firm by its holding company to the UK-based giant.
Friday November 29, 2013
Former Whyte & Mackay chief executive Vivian Imerman on Friday expressed interest in buying back the company from Diageo, if the latter were to sell it, according to a report.
Tuesday November 26, 2013
Meanwhile, foreign fund house Morgan Stanley Asia (Singapore) Pte offloaded more than 39 lakh shares of United Spirits Ltd (USL) worth Rs 943 crore through open market at an average price of Rs 2,406.51.
Tuesday November 26, 2013
USL shares have witnessed buying interest over the last two days on reports that owner Diageo may get rid of some of the brands at the Indian spirits maker. Diageo took over United Spirits earlier this year.
Monday November 25, 2013
The Office of Fair Trading (OFT) would have a fresh look at the Diageo Plc-United Spirits Ltd deal in the wake of a new proposal made to sell bulk of Whyte & Mackay business to address the competition issues in the British whisky market.
Friday November 22, 2013
The BSE Sensex erased earlier gains to close flat on Friday, marking a third consecutive weekly fall, as blue-chips such as ITC were hit by profit-booking on continued signs that foreign investors' appetite for domestic shares is starting to wane.
Thursday November 21, 2013
Shares of United Spirits gained as much as 1.96 percent after reports quoted Diageo Plc's Asia-Pacific president as saying it may get rid of some of the brands at the Indian spirits maker.
Saturday November 9, 2013
The company had posted a net profit of Rs 39.27 crore for the corresponding period of previous fiscal, United Spirits said in a filing to BSE.
Wednesday September 25, 2013
The company said the aggregate of deposits already held by it stood at Rs 436 crore at the end of financial year ended March 31, 2013. This leaves a scope for garnering nearly Rs 1,800 crore.