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Saturday 6 February 2016

Vijay Mallya

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 »

Diageo in £315m threat to USL shares

Diageo could stand to lose shares worth £315 million from its Indian subsidiary United Spirits (USL) if “adverse” rulings are taken on legal proceedings against its former holding company.

Monday, September 14th, 2015 No Comments »

Diageo’s battle with Mallya boils over

A battle has erupted between Diageo and Vijay Mallya over his position as chairman of United Spirits, after a report has alleged past financial irregularities in the company’s accounts.

Monday, April 27th, 2015 No Comments »

USL appeals for shareholder approval

India’s biggest spirits group United Spirits is to try again for shareholder approval to produce and market Diageo brands in the subcontinent.

Thursday, December 18th, 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 »

United Spirits’ directors quit board

Three independent directors have quit United Spirits’ board days after Diageo launched an investigation into the company’s finances.

Wednesday, September 10th, 2014 No Comments »

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 »

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