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United Spirits gets minority shareholders nod for Diageo licensing deal

Jan 11, 2015

United Spirits gets minority shareholders nod for Diageo licensing deal

United Spirits Ltd (USL) today said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year. #Vijay Mallya #Kingfisher #Diageo #United Spirits #USL
'Wilful defaulter' Vijay Mallya should not continue on United Spirits board: IiAS

Sep 19, 2014

'Wilful defaulter' Vijay Mallya should not continue on United Spirits board: IiAS

The continuation of Vijay Mallya, who has been declared a 'wilful defaulter', on United Spirits board would constrain the company from raising debt in the country, according to proxy advisory firm IiAS. #Kingfisher Airlines #Vijay Mallya #United Spirits #wilful defaulter
Diageo won't get much out of its inquiry: Blame is on shoddy due diligence of United Spirits

Sep 05, 2014

Diageo won't get much out of its inquiry: Blame is on shoddy due diligence of United Spirits

Diageo had gone for merger given the fact that the Indian legal system gives mergers a better protection than it gives to takeovers. Amalgamation or merger has to have the High Court approval whereas takeover needs nobody's approval save compliance with the public offer mandate of SEBI takeover regulations at a price determined by the regulations. #SEBI #Vijay Mallya #Kingfisher #Diageo #United Spirits #United Breweries
Once declared wilful defaulter, Vijay Mallya will have to resign from all boards

Sep 03, 2014

Once declared wilful defaulter, Vijay Mallya will have to resign from all boards

Besides heading Kingfisher Airlines and his UB Group, Mallya is chairman of United Breweries, the Kingfisher beer maker now 38 percent owned by Heineken, and United Spirits, which is majority owned by Diageo. #Kingfisher Airlines #Vijay Mallya #IDBI #wilful defaulter #United Bank. United Spirits
United Spirits board approves plan to sell Whyte & Mackay

Jan 09, 2014

United Spirits board approves plan to sell Whyte & Mackay

In November last year, UK's fair trade watchdog found Diageo's deal to take over United Spirits to be anti-competitive, forcing the company to offer selling bulk of Whyte & Mackay business. #NewsTracker #Vijay Mallya #Diageo #United Spirits #Whyte & Mackay #Office of Fair Trading