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, 1 month ago
Mallya's hold on United Breweries slips further - Rediff.com, 2 months ago
Mallya finds a needed backer in Diageo - Rediff.com, 2 months 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, 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, 1 month ago
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