In 2012, Diageo had paid Rs 3,635 crore to Mallya for his 19.3 per cent stake in United Spirits. Vijay Mallya, chairman of UB group, received part of the proceeds from the sale of shares in United......
When asked about his long professional journey, Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove". Image: Vijay Mallya known for......
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal' Vijay Mallya's Rs 515-crore (Rs 5.15 billion) 'golden parachute' to exit United......
Shares of United Spirits on Monday soared nearly 35 per cent, taking its market valuation higher by Rs 6,211 crore, after the UK-based Diageo Plc said it will buy 53.4 per cent stake in the company......
The world's largest spirits maker Diageo Plc on Friday announced it will acquire 53.4 per cent stake in United Spirits for Rs 11,166.5 crore (Rs 111.66 billion) in a multi-structured deal, which......