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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
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
Will continue as chairman, says defiant Mallya as he prepares for long-drawn war with Diageo

Apr 27, 2015

Will continue as chairman, says defiant Mallya as he prepares for long-drawn war with Diageo

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