United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

Vijay Mallya slowly losing control of the beer firm The Diageo-owned United Spirits Ltd on Tuesday sold 3.21 per cent stake in United Breweries Ltd, India’s largest beer company, for Rs 872......

Diageo says support to Mallya subject to 'absence of defaults'

With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo on Monday said its ‘contractual obligations’ to support his presence would not apply in the......

United Spirits, Vijay Mallya set for a lengthy legal battle

Were they sleeping till now? retorts Mallya, as he and United Spirits get set for a lengthy legal battle When Diageo Plc, the British liquor major, took over United Spirits from UB Group in a......

Shareholders spoil Mallya's party

Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again Minority shareholders of United Spirits Ltd (USL), India’s largest liquor......