United Spirits

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United Spirits - Total results - 143
United Spirits shares fall up to 4% after reports 58% decline in Q4 consolidated net profit
Business

United Spirits shares fall up to 4% after reports 58% decline in Q4 consolidated net profit

Shares of United Spirits on Thursday fell nearly 4 percent after the firm reported a decline of 57.82 percent in its consolidated net profit for the fourth quarter ended March 2020

Diageo exploring options to delist Indian arm United Spirits by buying out minority shareholders
Business

Diageo exploring options to delist Indian arm United Spirits by buying out minority shareholders

Diageo Plc, the world’s largest spirits maker, is exploring options to delist its Indian arm, United Spirits Ltd, by buying out minority shareholders, CNBC TV-18 reported on Monday

What political leaders invest in: Mutual funds, Reliance shares and even Kingfisher Airlines
Business

What political leaders invest in: Mutual funds, Reliance shares and even Kingfisher Airlines

Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the 2019 Lok Sabha polls

Vijay Mallya's defiance prompts Securities and Exchange Board of India to seek changes to Companies Act
Business

Vijay Mallya's defiance prompts Securities and Exchange Board of India to seek changes to Companies Act

In its proposal, SEBI has referred to its interim order dated 25 January, 2017, through which the regulator had barred Mallya and six others from holding directorship in any listed company till further directions.

SEBI exempts Diageo Group from making fresh open offer to United Spirits' shareholders
Business

SEBI exempts Diageo Group from making fresh open offer to United Spirits' shareholders

Diageo group was allegedly required to make an open offer due to the status of USL had changed from being an entity jointly controlled by the UB Group and the Diageo to a solely controlled entity of Diageo Group in November, 2015

Paradise Papers: Sebi lens on firms for fund diversion, corporate governance lapses
Business

Paradise Papers: Sebi lens on firms for fund diversion, corporate governance lapses

Sebi will coordinate with other regulators and govt agencies, while information would be sought from foreign regulators if required

United Spirits shares soar nearly 18% on robust earnings in Jul-Sep quarter
Business

United Spirits shares soar nearly 18% on robust earnings in Jul-Sep quarter

Shares of United Spirits jumped 17.64 percent to close at Rs 3,029.40 on BSE

Diageo asks Vijay Mallya to return $40 million, seeks compensation
Business

Diageo asks Vijay Mallya to return $40 million, seeks compensation

Diageo has stopped payment of US $7 million a year to Vijay Mallya as part of the deal

Diageo holds back balance $35 mn payment to Vijay Mallya as it looks to recover dues
Business

Diageo holds back balance $35 mn payment to Vijay Mallya as it looks to recover dues

Diageo had last year paid US $40 million to Mallya as part of its payout package.

United Breweries asks Vijay Mallya to step down from board
Business

United Breweries asks Vijay Mallya to step down from board

Last month, Sebi had banned Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions, while probe is on into the role of auditors and change of control at the company.

Vijay Mallya plays 'innocence' card, talks of 'witch-hunt'
Business

Vijay Mallya plays 'innocence' card, talks of 'witch-hunt'

"Till this minute, there is no final judicial determination on what KFA owes to banks and what I may owe in my personal capacity after trial," Mallya tweeted.

Vijay Mallya-Diageo $75 mn sweetheart deal: Sebi may order payout for investors
Business

Vijay Mallya-Diageo $75 mn sweetheart deal: Sebi may order payout for investors

This is separate from an 'additional payout' that Sebi had ordered Diageo in June last year to pay to the minority shareholders, who had tendered their shares in an open offer in 2012,

Vijay Mallya fumes at Sebi ban order; calls allegations of fund diversion a 'joke'
Business

Vijay Mallya fumes at Sebi ban order; calls allegations of fund diversion a 'joke'

Vijay Mallya alleged that there is a witch-hunt against him by the government.

Sebi bars Vijay Mallya from trading in securities market, co-directorship
Business

Sebi bars Vijay Mallya from trading in securities market, co-directorship

The markets regulator also said the “aspect of change in control of USL” that followed the agreement between Diageo and Mallya is being examined separately.

DRT verdict against Mallya: SBI-led consortium gets orders to initiate recovery of Rs 6,203 cr dues
Business

DRT verdict against Mallya: SBI-led consortium gets orders to initiate recovery of Rs 6,203 cr dues

The fresh order today in favour of the lending cosortium will allow them to initiate the recovery proceedings and confiscate his properties

Vijay Mallya's 'Playboy mansion', Kingfisher Villa, could become a hotel; to be auctioned on 19 Oct
Business

Vijay Mallya's 'Playboy mansion', Kingfisher Villa, could become a hotel; to be auctioned on 19 Oct

The villa was owned by United Breweries Holdings, and mortgaged by the now-grounded Kingfisher Airlines to the consortium of banks to obtain loans in 2010.

Court sends Kingfisher Airlines' former CFO to 18-month jail in cheque bounce cases
Business

Court sends Kingfisher Airlines' former CFO to 18-month jail in cheque bounce cases

The court had on 20 April convicted Kingfisher Airlines, Mallya and Raghunathan, in connection with two cheque bounce cases involving Rs 50 lakh each, under relevant sections of the Negotiable Instruments Act

Vijay Mallya brews trouble for Diageo: Sebi probing deals with United Spirits
Business

Vijay Mallya brews trouble for Diageo: Sebi probing deals with United Spirits

In February, Mallya struck a 'sweetheart deal' with USL under which he is to get more than Rs 500-crore payout to leave the company besides being absolved of any 'personal liability' at that time.

Vijay Mallya faces second ED probe over Rs 900 cr forex violations
Business

Vijay Mallya faces second ED probe over Rs 900 cr forex violations

USL said Mallya diverted funds to over half a dozen companies, having direct or indirect interest

'All transactions were legal': Vijay Mallya refutes USL's allegations on fund diversion
Business

'All transactions were legal': Vijay Mallya refutes USL's allegations on fund diversion

A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman on Sunday said all transactions were "legal and above board" and the company was now making "unfounded allegations".