After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company Vijay Mallya never fails to amaze you. After losing Kingfisher Airlines, Mallya is fighting a battle to retain his chairmanship of United Spirit Ltd (USL), a company he sold to UK based Diageo. Again, after being forced to resign as chairman of Mangalore Chemicals and Fertilizers (MCF), Mallya is now keen on increasing his stake in the company. A Business Standard report says that liquor ... Rediff.com, 4 weeks ago
Mumbai airport sells Mallya jet to scrap dealer - Rediff.com, 2 months ago
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, 2 months 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, 1 month ago
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