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Diageo-Mallya spat escalates; emergency meeting of USL shareholders likely

Apr 28, 2015

Diageo-Mallya spat escalates; emergency meeting of USL shareholders likely

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya today said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults". #PwC #Vijay Mallya #Diageo #UB Group #USL
United Spirits appoints new Finance Head, Company Secretary

Apr 27, 2015

United Spirits appoints new Finance Head, Company Secretary

Liquor firm, United Spirits (USL) on Monday appointed Vinod Rao as the Head of Finance and V Ramachandran as the Company Secretary and Compliance Officer of the firm. #Business #India #Vijay Mallya #Diageo #United Breweries #USL #V Ramachandran #Vinod Rao
Vijay Mallya engaged in a losing battle with Diageo; he should just 'bow out gracefully'

Apr 27, 2015

Vijay Mallya engaged in a losing battle with Diageo; he should just 'bow out gracefully'

A battle is brewing in the boardroom of United Spirits Ltd, where majority shareholder Diageo has asked Vijay Mallya to quit over alleged fund diversion. A veteran of many corporate battles, Mallya has, however, struck a defiant note saying only shareholders have the right to oust him. #Corporate governance #Vijay Mallya #Diageo #United Spirits #related-party transactions #Vittal Mallya
Mallya vs Diageo: Boardroom battle escalates as USL plans to take PWC report to Sebi

Apr 27, 2015

Mallya vs Diageo: Boardroom battle escalates as USL plans to take PWC report to Sebi

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog Sebi and other regulatory agencies have begun looking into suspected irregularities at the company, including about the alleged fund diversion and disclosure-related lapses. #SEBI #PwC #Vijay Mallya #Diageo #UB Group