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Wednesday 3 September 2014

Vijay Mallya

United Spirits’ chairman faces exile

Billionaire chairman of United Spirits, Vijay Mallya, has been declared a “wilful defaulter”, calling his position as chairman of the company into question.

Tuesday, September 2nd, 2014 No Comments »

USL boss faces losing place on board

The boss of Indian producer United Spirits may have to quit the company’s board if he is found to be a “wilful defaulter” over the company’s outstanding debts.

Monday, August 18th, 2014 No Comments »

Diageo bids £1bn for control of United Spirits

Ivan Menezes, Diageo’s new chief executive, has bid £1.13bn for control of India’s United Spirits, the sub-continent’s dominant spirits group.

Tuesday, April 15th, 2014 No Comments »

Whyte & Mackay for sale at expected £450m

India’s United Spirits has hired a trio of banks to oversee the sale of its Scotch whisky company Whyte & Mackay, which is expected to fetch up to £450m.

Thursday, February 13th, 2014 No Comments »

Paul Walsh appointed to USL board

Diageo has announced that former CEO Paul Walsh has been appointed as an additional director of United Spirits Limited.

Monday, August 19th, 2013 No Comments »

Mallya quits Whyte & Mackay board

Indian tycoon Vijay Mallya and several prominent directors have quit the board of Whyte & Mackay in a surprise move.

Monday, August 12th, 2013 No Comments »

United Spirits soars on Diageo deal

United Spirits and its brewing wing hit new highs on the Bombay stock exchange yesterday as Diageo closed its acquisition deal of a further 14% of the company.

Friday, July 5th, 2013 No Comments »

Diageo’s initial United offer is rebuffed

Diageo’s offer to buy a 25% stake in United Spirits (USL), the dominant spirits group in the Indian market, has been rebuffed by shareholders, according to reports from Mumbai.

Wednesday, May 1st, 2013 No Comments »

Diageo wins final approval in United deal

Diageo has crossed the final regulatory hurdle in India in the run-up to making its formal bid for control of United Spirits.

Friday, April 5th, 2013 No Comments »

Diageo now waiting for regulator approval in £1.2bn United Spirits deal

Diageo’s bid to buy a 53.4% stake in United Spirits is now in the hands of India’s market regulator after the country’s competition commission approved the deal.

Tuesday, March 5th, 2013 No Comments »

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