Page 2 of Diageo

Diageo confirms paying $40 million to Vijay Mallya

British liquor major Diagio plc on Wednesday confirmed paying Indian industrialist Vijay Mallya $40 million (Rs.275 crore) as part of…

March 9, 2016 20:47 IST

vijay mallya, arvind subramanian, kingfisher airlines, kingfisher airlines crisis, eagle breweries, CEA vijay mallya defaulter case, United Breweries

DRT restricts Diageo from disbursing Rs 515 cr settlement money to Vijay Mallya

The Debt Recovery Tribunal (DRT) on Monday restricted Diageo from disbursing Rs 510 crore to Vijay Mallya, which was part…

Updated: March 7, 2016 17:03 IST

Vijay Mallya, Vijay Mallya loan, Vijay Mallya loan default, Vijay Mallya loan default case, cbi, cbi Vijay Mallya, sbi on Vijay Mallya default case

Diageo to pay Vijay Mallya over Rs 515 crore as separation fee

Flamboyant businessman Vijay Mallya will get USD 75 million (Rs 515 crore) from Diageo as part of an “agreement” for…

February 26, 2016 09:37 IST

United Spirits Ltd gets shareholders’ nod to be guarantor for loan by arm

Crisis ridden United Spirits Ltd (USL) today said it has received shareholders’ nod to issue a guarantee to a bank…

January 11, 2016 13:06 IST

Vijay Mallya set to chair United Spirits AGM today

United Spirits Limited (USL), India’s largest liquor maker, is all set to hold its crucial annual general meeting here on…

November 24, 2015 00:36 IST

diageo, diageo india, vijay mallya, vijay mallya diageo, diageo india pvt ltd, vijay mallya news, united national breweries diageo, united national breweries, united national breweries africa, united national breweries diageo vijay mallya, vijay mallya united national breweries, business news, world news, india news

Diageo’s India unit United Spirits eyes high-end spirits to reverse market share loss

Diageo says that India’s United Spirits Ltd will scale back its roster of more than 150 brands and focus on…

Updated: October 29, 2015 12:23 IST

Diageo may not be able to recover $135 mn loan from Vijay Mallya firm Watson Ltd

Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million…

September 6, 2015 13:02 IST

JSW Group in advanced talks with Diageo Plc to acquire Royal Challengers Bangalore for Rs 300 crore

The RCB franchise, which is now eight IPL seasons old, is a wholly owned subsidiary of United Spirits Limited (USL),…

Updated: July 1, 2015 21:27 IST

Vijay Mallya’s United Spirits refuses to share internal probe details

Stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya’s…

May 7, 2015 09:17 IST

Vijay Mallya escalates war on United Spirits board; Diageo quotes ‘contract’

With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its “contractual obligations”…

Updated: April 27, 2015 21:35 IST

Vijay Mallya Vs Diageo: Sebi to look into disclosure, other lapses

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog Sebi and other regulatory agencies…

April 26, 2015 16:04 IST

United Spirits asks Vijay Mallya to step down

The Diageo-led United Spirits (USL) on Saturday asked Vijay Mallya to step down as chairman of the firm…

April 26, 2015 01:08 IST

Diageo asks Vijay Mallya to quit United Spirits board; alleges fund diversion

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits’ new owner Diageo has asked Vijay Mallya…

Updated: April 27, 2015 08:14 IST

United Spirits chief financial officer resigns

The Diageo controlled United Spirits (USL) on Thursday said that its executive director and chief financial officer PA Murali…

April 24, 2015 00:49 IST

Diageo to buy Vijay Mallya’s remaining 50% in Africa firm for $36 mn

Initial payment of $22 m, potential earn-out of $14 m.

Updated: April 3, 2015 00:58 IST

Diageo to buy Vijay Mallya’s remaining 50% stake in African firm United National Breweries

Diageo, the world’s largest spirits maker today took full control of South African beer maker United National Breweries by acquiring…

April 2, 2015 14:55 IST

Diageo confident of retaining majority stake in United Spirits

Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries..

January 30, 2015 09:44 IST

USL shareholders turn down special resolution for Diageo tie-up

The resolution required 75% votes in its favour, but could get the backing of only 70.2% of the 20.35 million…

November 29, 2014 00:02 IST

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