Diageo may not be able to recover $135mn loan from Vijay Mallya firm
The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.
Sep 06, 2015, 12:29 PM IST
United Spirits scrip jumps over 5% on smart Q1 results
United Spirits' stock Friday went up by over 5 percent after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.
Jul 24, 2015, 19:42 PM IST
UBL to initiate process to recover Rs 1,337 crore
UK's Diageo group-controlled United Spirits today 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 is initiating process to recover dues totaling to Rs 1,337 crore.
Jul 23, 2015, 23:59 PM IST
United Spirits posts Q1 net profit at Rs 19.92 cr
The Diageo-controlled United Spirits Thursday reported a stand-alone net profit of Rs 19.92 crore for the first quarter ended June on the back of higher sales.
Jul 23, 2015, 21:33 PM IST
Mallya-USL row: ICAI seeks details from Sebi on auditors' role
The ICAI has powers to initiate disciplinary action against auditors if they are found to have indulged in malpractices.
May 01, 2015, 20:45 PM IST
Vijay Mallya says only shareholders can 'oust' him from USL
Mallya also said that only "shareholders can 'oust' a Director" and he would continue to function as USL Chairman "in the normal manner".
Apr 26, 2015, 15:07 PM IST
Diageo asks Mallya to quit USL board; alleges fund diversion
However, Mallya refused to resign and said the inferences and allegations are unjustified and false.
Apr 25, 2015, 20:40 PM IST
Diageo asks Vijay Mallya to step down as Chairman of United Spirits
Diageo, the world's largest spirits maker on Saturday asked Vijay Mallya to resign from the board of United Spirits (USL).
Apr 25, 2015, 20:28 PM IST
Diageo to buy Mallya's remaining 50% stake in African firm
"Diageo will acquire this further interest from Pestello Investments Inc for an initial payment of USD 22 million and a potential earn-out payment of up to USD 14 million," the statement added.
Apr 02, 2015, 13:51 PM IST
Diageo confident of retaining majority stake in United Spirits
Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain majority shareholding in the Indian firm even if the outcome of the cases were not to be in its favour.
Jan 29, 2015, 23:22 PM IST
Diageo quarterly sales fall 1.5% on emerging market weakness
Yet the maker of Johnnie Walker whisky and Smirnoff vodka said it expects sales to increase for the full year.
Oct 16, 2014, 12:55 PM IST
USL board orders probe into loans to UB Group companies
The Board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted a whopping net loss of Rs 4,488.77 crore for the financial year ended March 31, 2014.
Sep 05, 2014, 14:31 PM IST
Diageo buys fresh 26% in USL for Rs 11,449 cr
UK-based Diageo paid Rs 3,030 for a share of United Spirits Ltd (USL), more than double of Rs 1,440 it offered in the previous bid last year.
Jul 02, 2014, 18:17 PM IST
