Vijay Mallya

Analysis: Mallya’s next move

Despite owing Indian banks an estimated £1.1bn including interest, Vijay Mallya, the chairman of India's United Breweries and former head of United Spirits, is not yet on his uppers, writes Ron Emler.

Vijay Mallya arrested then bailed in London

Vijay Mallya, the former chairman of United Spirits, was arrested then bailed on security of £650,000 after appearing in court in London yesterday.

Diageo could be forced to buy remaining shares in USL

India's Securities and Exchange Board (Sebi) could force Diageo to buy the 44% of the shares it does not own in United Spirits Limited (USL).

United Breweries asks Mallya to step down from board

India’s largest beer brewer has asked Vijay Mallya to step down from his position as non-executive chairman of its board, as a consortium of 17 banks continue to pursue the tycoon for debts of US$1.4bn.

D-day set for Vijay Mallya

November 2nd, 2015

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