The fact that United Spirits Limited, which was a UB group company before its acquisition by Diageo, had provided financial support to other group companies is not a new revelation to the market. United Spirits has recently asked erstwhile promoter and current chairman Vijay Mallya to quit the board on fund diversion charges. Photograph: PTI United Spirits Limited (USL) is again in the news. The company's board of directors in November last year instituted an enquiry into the ... Rediff.com, 1 month ago
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