He is nominated to the investment, innovation and audit committees.
If they encash shares, Dutch major Heineken will emerge as single largest shareholder in the company.
Kiran Kumar Grandhi, 38, was earlier in charge of the urban infrastructure and highways business, which contributes five per cent of the Rs 10,000-crore revenue of GMR Infra.
This move to sell a part of its land holding in one of its SEZ is part of an overall move by GMR to exit some of its assets as part of its 'asset light -- asset right' strategy.
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
The company will move swiftly to consolidate its recent acquisition of three distilleries and will also take a decision on setting up a Rs 650-crore two-furnace glass plant in Andhra Pradesh, said sources.
GMR Infra's exit from this project, expected this year, will mark the company's waning global presence after a very aggressive expansion.
Britannia's foreign presence is low; share of global operations to total revenues is just 5-8%.
Share purchase agreement awaits Karnataka HC decision on Kingfisher creditors' plea.
However, even after finalising the multi-pronged cross-border Rs 11,165-crore deal in November 2012, Diageo's wait for acquiring a decent stake in India's leading whisky maker, United Spirits, seems to be getting longer and longer.
Coffee Day Group, which runs businesses from coffee cafes to wealth management to furniture to logistics, is understood to be readying the stage for a possible $100-million fund raise through the private equity route.
The company, started by three BITS Pilani graduates in 2005, could be planning to aggressively scale up its business to tap the untapped potential that the bus-booking service offers in India.
For the first nine months of the current financial year, net sales rose by close to 37 per cent to Rs 1,470 crore (Rs 14.7 billion( over the previous corresponding period, while operating profit increased by another 37 per cent to Rs 322 crore (Rs 3.22 billion).
UB City is the biggest commercial property in Bengaluru.
The focus will be on moving United Spirits consumers up the value chain.
Started by an IIM-B graduate - Musthafa P C, during early 2005, Best foods Enterprises manufactures and markets the ID Special food products.
Interview with Joint President & CFO, United Spirits Limited.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
The Indian partner will be one among the the seven highly specialised global coffee roasteries of the coffee giant.
Sources say Diageo is pushing for a management control of United Spirits; and this has led Mallya to rethink on the offer.
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