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Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 croreCupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. T...- Diageo India bets big on premium demandDemand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. Howe...
- Ready to reduce non-essential travel: Companies open to making WFH work, againIndian companies are responding to the Prime Minister's call for work from home and reduced travel. Many firms are already offering hybrid ...
- Diageo again told to pay more to USL minority investorsIt plans to challenge the regulator's decision before the Securities Appellate Tribunal (SAT), which hears appeals against Sebi’s orders.
- Sebi exempts Diageo Group from making fresh open offer to USL's shareholdersThe USD 75-million sweetheart deal between its erstwhile promoter Vijay Mallya and new owner Diageo was also taken into account while Sebi ...
- Diageo knew of fund diversion before deal with USL: ReportThe revelations, if true, may sting Diageo which has been consistently maintaining that it was unaware of USL's fund diversion before the t...
- Diageo may bear brunt of Sebi queries on Vijay Mallya dealThe primary responsibility of offering satisfactory replies to regulators in India especially Sebi will fall on Diageo which directly seale...
- Vijay Mallya issue: 'Diageo board should be made accountable'Diageo's shareholders were today advised to hold the board accountable for its inability to "break free" from the strangle hold of Vijay Ma...
- Could lose title to 1 crore shares of USL worth Rs 3K crore: Diageo"Diageo believes it would remain in control of USL and be able to consolidate USL as a subsidiary regardless of the outcome of this litigat...
- Diageo to weigh shareholder agreement terms on Mallya's removal from United SpiritsDiageo notes the recommendation of the USL board and will now consider its position under its agreements with Mallya and United Breweries H...
- Investors reject USL-Vijay Mallya finance dealsFor the resolutions to have been passed 75% of the total votes polled by shareholders (both institutional and retail) have to be in favor o...
- Vijay Mallya's chairmanship of United Spirits subject to caveats: DiageoUBHL is the Indian-listed parent entity of Mallya's UB Group and has to repay a loan of about Rs 1,340 crore to USL.
- Vijay Mallya gets shareholders' nod to continue as USL chairmanMallya has been re-elected as non-executive director and chairman of United Spirits at the annual general meeting of the liquor major.
- Verdict on USL-Diageo deal on or before Nov 25: UK’s OFTThe verdict from the OFT is quite important as it will decide the further course of action relating to sale and future of USL’s fully-owned...
- Diageo portfolio integration to make USL more powerful: Vijay Mallya"USL has embarked upon premiumisation policy with focus on premium brands where we achieved strong double-digit growth that will mitigate."
- United Spirits to be Diageo's sales agent in IndiaDiageo Plc will use United Spirits as the entity to sell all its brands in India as part of plans to consolidate its business in the countr...
- United Spirits Limited to act as sales agent for Diageo’s global brandsThe world's largest spirits maker Diageo is set to unveil a dual business structure in India.
- Diageo may put preferential issue of United Spirits on hold due to surge in stock pricesAs per the announcement by USL and Diageo, promoters of USL will sell 12.8 pc of their holding along with 6.5 pc of treasury shares.
- Diageo to buy 53.4% stake in Vijay Mallya's United Spirits for Rs 11,166.5 croreFollowing completion of agreements, Mallya will continue in his current role as Chairman of USL, & UBHL and he will work with Diageo to bui...
- Diageo wants more than 15% in USLDiageo, the world’s largest spirit company, is seeking a greater stake in Vijay Mallya-controlled United Spirits (USL) than the initial sub...
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