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IndiGo to file prospectus for $400 mn float next week: sources

Jun 26, 2015

IndiGo to file prospectus for $400 mn float next week: sources

IndiGo has picked Citigroup, Kotak Investment Banking, Morgan Stanley and JP Morgan Chase as lead managers for the listing, as well as UBS and Barclays, two of the sources said. #Morgan Stanley #Aviation #Citigroup #CompanyWatch #IndiGo #UBS #Barclays #JP Morgan Chase #InterGlobe Enterprises #Kotak Investment Banking
Sahara group says it will defend lawsuit on US hotels sale

Jun 25, 2015

Sahara group says it will defend lawsuit on US hotels sale

Last week, the Supreme Court of India set out conditions for release of Sahara chief Subrata Roy and two other executives from the jail and asked the group to make a total payment of Rs 36,000 crore in 18 months. #Business #Sahara Group #Supreme Court #Subrata Roy #UBS #Grosvenor House #plaza #dream downtown #Reuben brothers #JTS Trading Ltd #Trinity White City Ventures
More trouble for Vijay Mallya: MCA, I-T dept to inspect United Spirits accounts

May 28, 2015

More trouble for Vijay Mallya: MCA, I-T dept to inspect United Spirits accounts

A probe had revealed that between 2010 and 2013, funds were diverted from USL and/or its subsidiaries to certain UB Group companies, including Kingfisher Airlines. #Business #Vijay Mallya #Ministry of Corporate Affairs #I-T Department #corporate #UB Group #United Spirits #Anand Kripalu
NSE asks USL to make Vijay Mallya probe report public; co refuses

May 06, 2015

NSE asks USL to make Vijay Mallya probe report public; co refuses

In a fresh twist to the boardroom battle at Diageo-owned United Spirits, stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya's UB Group, but the liquor maker has rejected the demand citing 'confidentiality'. #NewsTracker #Vijay Mallya #Diageo #UB Group #United Spirits Ltd
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
Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits
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