Usl

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

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

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".

King of troubled times: United Spirits says Vijay Mallya diverted Rs 1,225 cr to KFA, Formula 1

USL Board discussed findings of the additional inquiry it had ordered to plug gaps found in an initial probe launched in April 2015 that showed improprieties in loans worth Rs 1,337 crore given by USL to the entities linked to its erstwhile promoters, Mallya-led UB Group

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

Vijay Mallya’s Rs 4,000 cr proposal was a smokescreen; he offered zilch to the banks

The consortium of banks has not specified what amount it actually wants from Mallya but it is clear that the banks want all of the principal amount

Vijay Mallya-Diageo row: UB entities, top execs under multi-agency scanner for alleged irregularities

Diageo-Mallya spat escalates; emergency meeting of USL shareholders likely

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya today said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".

United Spirits appoints new Finance Head, Company Secretary

Liquor firm, United Spirits (USL) on Monday appointed Vinod Rao as the Head of Finance and V Ramachandran as the Company Secretary and Compliance Officer of the firm.

Will continue as chairman, says defiant Mallya as he prepares for long-drawn war with Diageo

Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman and refuted the charges made by the company's board with regard to its prior-period accounts.