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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
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
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
More trouble for Mallya: Will a probe unravel mysterious money transfer?

Jan 01, 2014

More trouble for Mallya: Will a probe unravel mysterious money transfer?

According to a report in the Business Standard today, the order that was passed on 20 December has also sought an investigation into a murky transfer of Rs 4000 crore to tax haven British Virgin Islands before the stake deal happened. #NewsTracker #Vijay Mallya #Kingfisher #Diageo #UB #USL #Whyte & Mackay #British Virgin Islands #UNHL
United Spirits-Diageo: Why court order may turn tables on Mallya

Dec 23, 2013

United Spirits-Diageo: Why court order may turn tables on Mallya

Shares in United Spirits today fell 6 percent after the Karnataka court ordered the annulment of the sale of United Breweries Holdings' (UBHL) 6.97 percent stake in United Spirits to British group Diageo. #Kingfisher Airlines #Vijay Mallya #Diageo #United Spirits #United Breweries