Zee Media Bureau
New Delhi: The Supreme Court on Monday rejected UB Group chairman Vijay Mallya's plea in a case pertaining to violation of foreign exchange rules by the Enforcement Directorate.
Meanwhile last week, Diageo-controlled United Spirits Ltd (USL) had exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.
United Spirits sold its stake to Heineken International BV at a price consideration of Rs 1,030 per share, United Spirits said in a BSE filing.
United Breweries is the owner of the popular Kingfisher beer brand and claims to have a market share of 50 per cent.