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Mallya received part of Diageo funds in offshore accounts

 In 2012, Diageo had paid Rs 3,635 crore to Mallya for his 19.3 per cent stake in United Spirits. Vijay Mallya, chairman of UB group, received part of the proceeds from the sale of shares in United......

United Spirits surges 35%; m-cap up Rs 6,211 cr

Shares of United Spirits on Monday soared nearly 35 per cent, taking its market valuation higher by Rs 6,211 crore, after the UK-based Diageo Plc said it will buy 53.4 per cent stake in the company......

Diageo to buy 53.4% in USL for Rs 11,166 cr

 The world's largest spirits maker Diageo Plc on Friday announced it will acquire 53.4 per cent stake in United Spirits for Rs 11,166.5 crore (Rs 111.66 billion) in a multi-structured deal, which......

LCV unit: Leyland, Nissan to invest Rs 2,500 crore

 The Ashok Leyland and Nissan joint venture is to invest around Rs 2,500 crore (Rs 25 billion) for setting up a factory near this city to manufacture light commercial vehicles. The two partners have......

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