Shareholders stand to lose in Diageo, Mallya deal

The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits’ books British liquor giant Diageo and Vijay......

Vijay Mallya's maze gets trickier

Karnataka HC seeks probe into fund diversion by United SpiritsThe problems of UB Group chairman Vijay Mallya seem to be growing still. The Karnataka high court has made scathing comments on his......

Diageo reduces board rights of Mallya in United Spirits

UB Holdings and its chairman, Vijay Mallya, the former majority equity holders in United Spirits (USL), have been denied the right to nominate an additional independent director on the board of the......

Diageo gets down to cleaning up USL

Diageo, the world’s largest distiller, has been focusing on compliance at United Spirits Ltd (USL) after its acquisition of a controlling stake in India’s largest spirits maker. It has......