Vijay Mallya, the embattled chairman of United Spirits in which global spirits major Diageo has majority stake, has told the company’s board he will ensure operations are not affected after the United Bank of India’s move to name him a wilful defaulter. At a meeting that went on till late on Wednesday in Mumbai, the newly constituted board of United Spirits took notice of United Bank of India's move to label Mallya a wilful defaulter."The RBI's master circular on wilful defaulters ... Rediff.com, 2 months ago
Pune-based Deepak Fertilisers, which has been trying for over a year to gain management control of Mangalore Chemicals & Ferilizers, a company promoted by Vijay Mallya’s UB Group, is now planning to come up with a revised open offer price for the fertiliser company’s shares.Deepak’s decision to go full throttle in its takeover bid comes a day after United Bank of India (UBI) declared UB Group company Kingfisher Airlines and Mallya wilful defaulters for non-payment of Rs ...Rediff.com, 2 months ago
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