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Will continue as chairman: Defiant Vijay Mallya says only shareholders can 'oust' him from USL

Apr 26, 2015

Will continue as chairman: Defiant Vijay Mallya says only shareholders can 'oust' him from USL

Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman and refuted the charges made by the company's board with regard to its prior-period accounts. #Vijay Mallya #Diageo #United Spirits #USL
Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Apr 26, 2015

Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he outrightly rejected. #Kingfisher Airlines #Vijay Mallya #Kingfisher #Diageo #UB Group #United Spirits #Board
United Spirits' CFO and Executive Director PA Murali quits, no reasons given

Apr 23, 2015

United Spirits' CFO and Executive Director PA Murali quits, no reasons given

The firm, however, did not specify the reason behind Murali's resignation. #Business #CompanyWatch #Diageo #United Spirits Ltd #PA Murali
Daiichi Sankyo's misery ends, block deal to give company coup de grce

Apr 22, 2015

Daiichi Sankyo's misery ends, block deal to give company coup de grce

Even after allowing for control premium, the price that Daiichi Sankyo paid for Ranbaxy Laboratories was clearly excessive, and those in the know said sagely that winners curse would have its say sooner than later. #Ranbaxy Laboratories #Sun Pharma #CompanyWatch #Daiichi Sankyo #Diageo #USFDA #United Spirits #Dilip Sanghvi
Diageo to buy Mallya's remaining 50% stake in African firm

Apr 02, 2015

Diageo to buy Mallya's remaining 50% stake in African firm

Diageo, which is also a major producer of beer and wine and owner of popular brands such as Johnnie Walker, Guinness and Smirnoff had in January 2013 acquired 50 percent interest in UNB's traditional sorghum beer business in South Africa reportedly at $36 million. #CompanyWatch #Vijay Mallya #Diageo #UB Group #United National Breweries #Pestello Investments #Traditional Beer Investments