Were they sleeping till now? retorts Mallya, as he and United Spirits get set for a lengthy legal battle When Diageo Plc, the British liquor major, took over United Spirits from UB Group in a $2.1-billion transaction in November 2012, it had hailed this as a big step to enter a market which would be second only to America in consumption. Additions to its profits would take place, it said, the second year onwards. The maker of Johnnie Walker and Guinness is now realising that its acquisition of ... Rediff.com, 3 weeks ago
A midsize jet belonging to UB Group chairman Vijay Mallya was auctioned by Mumbai International Airport Ltd to a local scrap dealer for Rs 22 lakh (Rs 2.2 million), to recover dues. Last December the airport operator had issued bids from interested parties to take the 30-year-old HS125-700B aircraft, a nine-seater, on an 'as is where is basis'. The plane was registered in the name of Shaw Wallace and Company, Kolkata, according to the Directorate General of Civil Aviation records. The aircraft ...Rediff.com, 1 month ago
Proxy advisory firm Stakeholders’ Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya, if the former is convinced of the findings in this regard of the forensic report by PricewaterhouseCoopers. “Should it honour its SHA (Shareholder agreement) or protect USL and its other shareholders? SES is of the opinion that if Diageo is convinced about the findings of report, then in accordance with the fiduciary duty it has to ...Rediff.com, 2 weeks ago
Here we are listing some of the most expensive houses owned by celebrities and industrialists in India. 1. Antilla Owner: Mukesh Ambani About: Owned by RIL owner and India's second richest person Mukesh Ambani, Antilla is world's most expensive home situated ...Jagran Post, 1 month ago
on your WebpageAdd Widget >Get your members hooked!