United Spirits

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

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

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

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

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

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'

"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

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'

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

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.