A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
Creditors are fighting to get back Rs 600 crore, KFA employees not paid for months.
Poddar-Mallya agreement on running MCF likely to be re-worked.
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
Deepak Fertiliser's promoter might offer to buy Saroj Poddar's stake.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
US, China and Japan have no quotas for women and have had the lowest increase in female directors.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
The Survey shows fiscal consolidation despite slowdown in growth.
Poddar had earlier said he would sell his stake in Mangalore Chemicals to the highest bidder.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
Tendering the shares in an open offer will lead to higher taxation.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Indian billionaires do not believe in sitting on their wealth.
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