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Thursday 28 July 2016 loc: GB

United Spirits

Mallya: USL submits evidence of £151m ‘improper fund diversions’

Diageo-controlled United Spirits has submitted evidence of £151m worth of improper fund diversions to companies controlled by Vijay Mallya when he was chairman of the company to financial authorities.

Monday, July 11th, 2016 No Comments »

Mallya summoned to money laundering court

Former United Spirits owner Vijay Mallya has been ordered to appear in person before a Mumbai anti-money laundering court on 29 July.

Thursday, June 30th, 2016 1 Comment »

India’s financial authorities turn up heat on former United Spirits chairman

India’s legal and financial authorities are turning the screw ever tighter on VJ Mallya, the former chairman of United Spirits.

Monday, June 20th, 2016 No Comments »

Mallya may sell more USL shares

Could Diageo soon increase its stake in United Spirits, India’s largest spirits company in which it owns 55%?

Friday, April 22nd, 2016 No Comments »

United Spirits seeks to declare itself ‘sick’

United Spirits, India’s market leader in spirits in which Diageo holds a controlling 55% stake, wants its shareholders to declare the company “sick”.

Monday, January 4th, 2016 No Comments »

D-day set for Vijay Mallya

Shareholders in Diageo-controlled United Spirits Limited (USL) have set a date on which they will decide the fate of company chairman Vijay Mallya.

Monday, November 2nd, 2015 No Comments »

USL shareholders vote ‘yes’ to Diageo

United Sprits’ shareholders have voted in favour of an agreement that will see the company manufacture some of Diageo’s key international brands in the Indian Subcontinent.

Monday, January 12th, 2015 No Comments »

Diageo completes sale of Whyte & Mackay

Emperador has completed its purchase of Diageo’s Whyte & Mackay whisky business for £430 million ($726m).

Monday, November 3rd, 2014 No Comments »

Vijay Mallya re-appointed USL chairman

Vijay Mallya has been re-elected chairman of United Spirits despite being declared a “wilful defaulter” last month.

Wednesday, October 1st, 2014 No Comments »

Mallya suffers as USL take on exports

Diageo-led spirits producer United Spirits has blocked a key revenue stream for the beleaguered UB Holdings by taking control of exports.

Monday, September 15th, 2014 No Comments »

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