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Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Jan 07, 2015

Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Taking cognisance of the complaint, Justice Patil ordered notice to Mallya and two other companies in contention and posted the matter for another day. #NewsTracker #Kingfisher Airlines #Vijay Mallya #United Breweries #Debt Recovery Tribunal
Surprise move: Deepak Fertilisers sells 2.2% stake in Mangalore Chemicals

Jan 05, 2015

Surprise move: Deepak Fertilisers sells 2.2% stake in Mangalore Chemicals

When contacted, company's spokesperson declined to comment on the reason behind offloading the 26 lakh shares in MCFL. #NewsTracker #BSE #Vijay Mallya #Deepak Fertilisers #United Breweries #Zuari group
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-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