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BRITISH LIQUOR GIANT
United Spirits shares gain 3% on reports of potential RCB stake sale by parent DiageoUnited Spirits shares: According to the report, Diageo is considering several options regarding its stake in the prominent cricket franchis...- CBI names Diageo, Sequoia Capital in case alleging suspicious payments to politician's firmIndia's Central Bureau of Investigation accuses Diageo and Sequoia Capital of making suspicious payments to businesses connected to politic...
- Diageo raises stake in United Spirits to 55.9%The maker of Johnnie Walker purchased 50.75 lakh shares at Rs 693.25 per share on NSE.
- Vijay Mallya fails to delay USD 40mn Diageo claim, legal costs mount in UKDiageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming USD 40 million paid to him as part of an alleged breac...
- Mallya Case: DRT reserves order on banks plea for dues recoveryThis brings the curtains down on nearly three-year legal battle in the tribunal by the consortium comprising 17 banks to recover the money ...
- Unaware of United Spirits’ additional enquiry, says Vijay MallyaThen USL was controlled by the UB Group. In July 2013, Mallya sold a controlling stake to Diageo, which later increased its holding to 55 p...
- Standard Chartered denies allegation on SBI-led consortium's collusion with Vijay MallyaThe bankers' counsel had said, "If the bankers had colluded with Mallya, we would not have been waging a court battle against the high-prof...
- Diageo Holdings Netherlands files interlocutory applicationAll the parties, including Kingfisher, Diageo Plc and UBHL, pleaded today before the Tribunal to take up their applications on a priority b...
- Diageo to 'review' Debt Recovery Tribunal order, says $40 million paid to Vijay MallyaMallya has come under intense scrutiny in recent weeks after a sweetheart deal he inked with Diageo, under which he is getting Rs 515 cr to...
- United Bank of India says efforts on to declare Vijay Mallya wilful defaulterUBI was the first lender to make an attempt to declare Mallya as wilful defaulter in 2014 but it was dismissed by the Calcutta High Court.
- Serious Fraud Investigation Office probes fund diversions by Kingfisher AirlinesOnce a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo.
- Karnataka High Court nixes USL share sale to DiageoThe order, if allowed to stand, is likely to pose an immediate danger to Diageo's control over USL, India's largest liquor company.
- Diageo to sell Whyte & Mackay biz amid UK regulatory concernsDiageo has offered to sell most of Whyte & Mackay's biz to ease competition concerns arising from its acquisition of a controlling interest...
- Radico Khaitan to hive off IMFL business ahead of stake saleJapanese liquor maker Suntory has begun preliminary talks to acquire a strategic stake in the company, which makes 8PM Whisky.
- Radico Khaitan rallies 5% on stake sale talks with Suntory HoldingsThe Japanese spirits major is expected to pay close to Rs 870 cr for the stake, valuing Radico Khaitan at Rs 3,500 cr, or close to 20 times...
- Radico Khaitan in talks with Suntory Holdings to sell 26% stake for Rs 870 croreThe makers of Magic Moments vodka and 8 PM whisky is examining the option of offering 26% in the company to Suntory, investment bankers clo...
- Diageo-USL deal: Use the funds to revive KingfisherThough Mallya has denied speculation that he will use cash to revive KFA, there is no other way to get the airline back up into the skies.
- Indian-made foreign liquor: Will Diageo serve drinks that are locally relevant?With a firm foothold in India now, Diageo can do Indian tipplers a couple of favours by slowly but surely taking to pieces that incongruity...
- Diageo likely to buy 25% stake in United SpiritsDiageo is close to acquiring 25% stake in Vijay Mallya-controlled United Spirits. A formal announcement of the deal is likely in two days.
- United Spirits hits 52-week high on hopes of deal with DiageoUnited Spirits stock has rallied over 50 per cent in the last three months on the back of expectations that Diageo could take a stake in th...
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