United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

Vijay Mallya slowly losing control of the beer firm The Diageo-owned United Spirits Ltd on Tuesday sold 3.21 per cent stake in United Breweries Ltd, India’s largest beer company, for Rs 872......

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......

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 says support to Mallya subject to 'absence of defaults'

With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo on Monday said its ‘contractual obligations’ to support his presence would not apply in the......