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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
Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits
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