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United Spirits writes off Rs 566 crore dues from UB Group cos

May 27, 2016

United Spirits writes off Rs 566 crore dues from UB Group cos

USL, which had initiated a management inquiry into the alleged fund diversion, said "between 2010 and 2013 many of these transactions were diverted from the company and or its subsidiaries to certain UB Group, including Kingfisher Airlines #Kingfisher Airlines #dues #United Spirits #United Breweries #USL
Not so good times: UBL withholds dividend payment to Mallya

May 17, 2016

Not so good times: UBL withholds dividend payment to Mallya

Liquor firm United Breweries Ltd has withheld dividends payable to its beleaguered Chairman Vijay Mallya for the financial year 2015-16 following the directions of Debt Recovery Tribunal. #NewsTracker #Vijay Mallya #United Breweries #UBL #United Breweries Ltd #Vijay Mallya dividend payment #UBL dividend payment
Collector allows banks to take over Mallya's Kingfisher Villa in Goa

May 11, 2016

Collector allows banks to take over Mallya's Kingfisher Villa in Goa

The Villa, valued at Rs 90 crore, used to be Mallya's base in Goa and also the venue of many of the famous parties hosted by him. #NewsTracker #Supreme Court #Vijay Mallya #Kingfisher #United Spirits #United Breweries #North Goa #Kingfisher Villa
Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015

Apr 17, 2016

Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015

More than half of Mallya's package for 2015 was paid by California-based Mendocino Brewing Company Inc to him for "promoting" the company's beer brands. #NewsTracker #Vijay Mallya #Diageo #United Breweries #Mendocino Brewing Company #UBHL
Mallya evades third ED summon: Liquor baron seeks new date in May

Apr 09, 2016

Mallya evades third ED summon: Liquor baron seeks new date in May

Sources did not immediately comment as to what next step the agency will take now as he has sought time till May, a request he made to the IO last week too and which was turned down. #NewsTracker #Vijay Mallya #Kingfisher #IB #IDBI #United Breweries
No confirmation if Mallya would appear before ED on Saturday

Apr 08, 2016

No confirmation if Mallya would appear before ED on Saturday

The ED has registered a money laundering case against Mallya and others, based on an FIR registered last year by the CBI. #Enforcement Directorate #CBI #Kingfisher Airlines #Vijay Mallya #ED #United Breweries
Vijay Mallya seeks time until May to appear before ED, says he is trying to settle with banks

Apr 02, 2016

Vijay Mallya seeks time until May to appear before ED, says he is trying to settle with banks

While ED is mulling options for its next action, it may not be "too keen" to accede to Vijay Mallya's request given the "gravity" of the PMLA case. #Enforcement Directorate #NewsTracker #CBI #Kingfisher Airlines #Money laundering #Vijay Mallya #ED #United Breweries #PMLA #Prevention of Money Laundering Act
#BargainLikeABaron: Banks evaluating Rs 4,000 cr proposal; Mallya may sell UB stake to Heineken

Mar 31, 2016

#BargainLikeABaron: Banks evaluating Rs 4,000 cr proposal; Mallya may sell UB stake to Heineken

Reuters had earlier this month reported that Heineken is likely to ask Mallya to step down from the board of United Breweries #Supreme Court #Vijay Mallya #Heineken #United Breweries #wilful default #Bank NPAs #repayment offer
Heineken picks up United Breweries shares worth Rs 179-cr

Mar 23, 2016

Heineken picks up United Breweries shares worth Rs 179-cr

Beer maker Heineken International today consolidated its stake in United Breweries Ltd (UBL) by picking up over 21 lakh shares of Vijay Mallya-led firm for Rs 179 crore through open market transactions. #Yes Bank #Vijay Mallya #Heineken International #United Breweries #Stake buy #ECL Finance #Scottish & Newscastle