Vijay Mallya quits as United Spirits chairman; to pocket Rs 515 crore from Diageo
Mallya, who along with his group firms is fighting 'wilful defaulter' tags given by various lenders in relation to loans taken by long-defunct Kingfisher Airlines, said he would now "spend more time in England" closer to his children.
Feb 25, 2016, 23:01 PM IST
Vijay Mallya exits United Spirits Limited; Diageo to pay him $75 mn over 5 years
According to reports, Mallya said he was pleased to reached a mutual release with United Breweries group and Diageo, the owner of United Spirits.
Feb 25, 2016, 20:34 PM IST
Vijay Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'
Known for his flamboyance and hosting lavish parties even when his companies have been declared defaulters by lenders, Mallya also said everybody has his own "perception" about his lifestyle and he would not comment on it.
Feb 18, 2016, 21:22 PM IST
PNB declares Vijay Mallya-led United Breweries Holdings 'wilful defaulter'
Vijay Mallya-led United Breweries Holdings Ltd on Tuesday said it has been declared a "Willful Defaulter" by Punjab National Bank (PNB) and the company is consulting lawyers to challenge the decision.
Feb 16, 2016, 13:42 PM IST
United Spirits' networth more than halves in 4 years
The company said its accumulated losses as on March 31, 2015 at Rs 5,045.45 crore is greater than 50 percent of the peak net worth in the immediately preceding four financial years at Rs 5,849.62 crore.
Dec 29, 2015, 19:34 PM IST
Will chair USL AGM this year: Vijay Mallya
Liqour baron Vijay Mallya on Monday expressed confidence about chairing United Spirits Ltd's Annual General Meeting this year.
Sep 28, 2015, 23:06 PM IST
United Breweries Holdings Q1 net down 99.73% at Rs 2.15 crore
United Breweries (Holdings) Ltd (UBHL) on Friday reported a 99.73 percent fall in its net profit at Rs 2.15 crore for the first quarter ended June 30, 2015 on account of lower sales and exceptional item reported in the corresponding period last year.
Jul 24, 2015, 11:24 AM IST
United Breweries Q1 Net down 4.68% at Rs 122.81 cr
The company also announced that Shekhar Ramamurthy will replace Kalyan Ganguly as its Managing Director with effect from August 1, 2015.
Jul 23, 2015, 12:53 PM IST
UTI-IAS acquires Mallya' 3.97% UBL voting rights after default
Post this development, Mallya's voting rights in the company remain just 0.06 per cent.
Jun 10, 2015, 17:03 PM IST
UBHL reports Q4 net loss of Rs 373.73 cr
United Breweries (Holdings) on Saturday said its net loss for the fourth quarter has narrowed to Rs 373.73 crore for the quarter ended on March 31, 2015 on account of lower expenses.
May 30, 2015, 21:29 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
United Spirits Q3 net profit up 21% at Rs 79 cr
Liquor major United Spirits Ltd Saturday posted 21.58 percent increase in net profit at Rs 78.81 crore for the third quarter ended December 31.
Jan 24, 2015, 17:13 PM IST
Contempt petition filed only against Vijay Mallya: Bank consortium counsel
Contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified Wednesday.
Jan 07, 2015, 19:06 PM IST
Delhi HC reserves judgement on Kingfisher, Vijay Mallya wilful defaulter case
Kingfisher had moved the court seeking directions to the bank to rescind its August 21 notice and those issued earlier as well as to restrain it from taking any action against the airlines in pursuance of the same.
Dec 10, 2014, 22:37 PM IST
Vijay Mallya's exit brings fizz to UB stocks; troubles mount further
In an irony of sorts, self-proclaimed 'King of Good Times' Vijay Mallya Tuesday saw shares of his various group companies soar higher even as fresh troubles surfaced in form of the group's holding entity being slapped with yet another 'wilful defaulter' tag.
Dec 02, 2014, 21:07 PM IST
United Bank of India identifies UB Holding as wilful defaulter
The bank has already declared Kingfisher Airlines and its four directors, including Mallya, as wilful defaulters.
Dec 02, 2014, 16:02 PM IST
Govt rejects Vijay Mallya's reappointment as Kingfisher MD; quits MCFL board too
In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL.
Dec 01, 2014, 20:43 PM IST
Govt says no to Mallya's reappointment as Kingfisher CMD
In a fresh blow to UB Group chief Vijay Mallya, the government has rejected an application by Kingfisher Airlines to re-appoint him as Managing Director.
Dec 01, 2014, 20:16 PM IST
Vijay Mallya resigns from board of UB group fertiliser firm MCFL
In a surprise move, Vijay Mallya has resigned as director from his group firm Mangalore Chemicals and Fertilizers, which is the target of a takeover battle between Deepak Fertilisers and Zuari Group.
Dec 01, 2014, 16:02 PM IST
United Spirits minority shareholders reject 9 proposals at EGM
Shareholders at the November 28 EGM rejected approval to a loan agreement dated July 3, 2013 between United Spirits Ltd (USL) and United Breweries (Holdings) Ltd.
Nov 30, 2014, 15:43 PM IST
