UB Group Chairman Vijay Mallya’s grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them. The stake offloaded, a little less than a per cent, was acquired by Dutch brewer Heineken for about Rs 18 crore (Rs 180 million). With this, Heineken’s stake in Kingfisher rose to about 40 per cent. Mallya’s stake in United Breweries is now 31.9 per cent. According to ... Rediff.com, 18 hours ago
Mallya's holding in USL might fall below 5% - Rediff.com, 1 month ago
The ambition of liquor baron Vijay Mallya and Zuari chief Saroj Poddar to jointly own a controlling stake in Mangalore Chemicals and Fertilizers might not be smooth sailing, despite the Securities and Exchange Board of India’s approval to their open offer for additional stake in the fertiliser company. United Bank of India, one of the many lenders to Mallya’s now-grounded Kingfisher Airlines, has alerted Sebi that it had identified the airline as a ‘wilful defaulter’. ...Rediff.com, 15 hours ago
When Vijay Mallya recently completed 30 years as Chairman of UB Group, he got a pleasant surprise from Diageo, the global liquor firm which is now a majority holder in his United Spirits. It was a nicely-aged Black Dog Chairman’s Reserve scotch whisky, with a fully bespoke, handcrafted presentation case created to showcase the craftmanship that underlay the 30-year-old drink it held.Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of ...Rediff.com, 4 days ago
An advance of a little over Rs 1,350 crore (Rs 13.5 billion) to UB Holdings, the holding company of Vijay Mallya’s UB Group, from United Spirits, which presumably went to Kingfisher Airlines, has come to haunt United Spirits, India’s largest spirits company in which Diageo has strategic management control. In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company’s accounts of the loan ...Rediff.com, 2 months ago Mallya's stake in Kingfisher Airlines drops below 10% Rediff.com, 2 months ago Kingfisher Airlines' lenders look to sell USL shares Rediff.com, 2 months ago
on your WebpageAdd Widget >Get your members hooked!