News for '-united-breweries-holdings-ltd'

Vijay Mallya blames all but himself for Kingfisher woes

Vijay Mallya blames all but himself for Kingfisher woes

Rediff.com3 Sep 2013

Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year.

FIIs sell 10.64% stake in UBHL ahead of Diageo deal

FIIs sell 10.64% stake in UBHL ahead of Diageo deal

Rediff.com13 Nov 2012

Promoter stake rises seven per cent in revised filing.

Mallya under Sebi lens for stake sale non-disclosure

Mallya under Sebi lens for stake sale non-disclosure

Rediff.com3 Nov 2012

UBHL chairman sold 8.41% stake, but didn't disclose.

Crisis? Mallya manages to make a neat cash pile

Crisis? Mallya manages to make a neat cash pile

Rediff.com1 Nov 2012

He sold 8.84% stake for Rs 55 crore based on average stock price in September quarter.

Kingfisher ceases to be a subsidiary: UB Holdings

Kingfisher ceases to be a subsidiary: UB Holdings

Rediff.com10 May 2012

The company's exposure relating to Kingfisher Airlines is under various accounts including corporate guarantees to banks.

Legal panel allows Vijay Mallya to head United Breweries

Legal panel allows Vijay Mallya to head United Breweries

Rediff.com29 Jul 2016

The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.

Mallya bullish on China venture

Mallya bullish on China venture

Rediff.com23 May 2007

United Spirits Ltd will launch five brands in China as part of its entry into the communist country's market.

UB's open offer to begin on Apr 18

UB's open offer to begin on Apr 18

Rediff.com24 Feb 2005

Vijay Mallya-controlled UB Group's open offer for acquiring stake in liquor firm Shaw Wallace will begin on April 18, the manager to the offer said on Thursday.

Facing heat, UB Group stocks melt, UBHL dives over 5%

Facing heat, UB Group stocks melt, UBHL dives over 5%

Rediff.com14 Mar 2016

UB Group stocks, led by United Breweries Holdings Ltd, on Monday slumped by up to 5.3 per cent as trouble mounted for Vijay Mallya.

ED to ask depositories to freeze shares owned by Vijay Mallya

ED to ask depositories to freeze shares owned by Vijay Mallya

Rediff.com11 May 2016

The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.

Banks told to recover Rs 6,203 crore from Mallya

Banks told to recover Rs 6,203 crore from Mallya

Rediff.com19 Jan 2017

The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines.

Kingfisher's lenders take possession of company's Mumbai HQ

Kingfisher's lenders take possession of company's Mumbai HQ

Rediff.com12 Aug 2013

The lenders have not ruled out selling the property to recover part of their loans to the company.

Siddhartha's death prompts Mallya to let fly at govt

Siddhartha's death prompts Mallya to let fly at govt

Rediff.com31 Jul 2019

'I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter,' Mallya said on Twitter.

Kingfisher moves HC against payment default notice

Kingfisher moves HC against payment default notice

Rediff.com26 Aug 2014

The petition has also made the Ministry of Finance and the bank as parties in the case.

Vijay Mallya loses bankruptcy case in UK high court

Vijay Mallya loses bankruptcy case in UK high court

Rediff.com18 May 2021

A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the high court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman's assets in India. Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights, as argued by Mallya's lawyers. At a virtual hearing, July 26 was set as the date for final arguments for and against granting a bankruptcy order against the 65-year-old Mallya after the banks accused him of trying to "kick matters into the long grass" and called on the "bankruptcy petition to be brought to its inevitable end".

HC orders winding up of Mallya's United Breweries

HC orders winding up of Mallya's United Breweries

Rediff.com7 Feb 2017

The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.

Mallya offers to repay Rs 4,000 cr to banks by Sep

Mallya offers to repay Rs 4,000 cr to banks by Sep

Rediff.com30 Mar 2016

Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.

ED unearths new shell firms linked to Mallya; raids his close aide

ED unearths new shell firms linked to Mallya; raids his close aide

Rediff.com29 Jul 2019

The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.

Kingfisher saga: HC seeks responses on PNB plea

Kingfisher saga: HC seeks responses on PNB plea

Rediff.com8 Sep 2014

A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw issued notice to the airline and the central government seeking their replies within a week on PNB's plea.

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Rediff.com12 Jun 2016

Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore

Wives, sisters become company directors to meet Sebi deadline

Wives, sisters become company directors to meet Sebi deadline

Rediff.com31 Mar 2015

Women of the family rush to become directors of firms to meet Sebi deadline.

SBI to auction Kingfisher House on March 17

SBI to auction Kingfisher House on March 17

Rediff.com12 Feb 2016

SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.

Could lose title to 1 cr shares of USL worth Rs 3K cr: Diageo

Could lose title to 1 cr shares of USL worth Rs 3K cr: Diageo

Rediff.com13 Sep 2015

Diageo, under a share purchase agreement (SPA) with UBHL and various other sellers, had acquired 21,767,749 shares (14.98 per cent) in USL

Kingfisher should be given loan, other papers by PNB: Court

Kingfisher should be given loan, other papers by PNB: Court

Rediff.com27 Aug 2014

A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.

MCFL investments in UB group firm may be irregular

MCFL investments in UB group firm may be irregular

Rediff.com6 May 2016

A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.

Tracing the rise and fall of the King of Good Times

Tracing the rise and fall of the King of Good Times

Rediff.com4 Feb 2019

Vijay Mallya is accused of money laundering and violating the FEMA.

Mallya saga: How it all began, and 'ended'

Mallya saga: How it all began, and 'ended'

Rediff.com10 Dec 2018

The UK Home Secretary will have to sign Mallya's extradition order within two months. However, Mallya's defence team has a chance to appeal in higher courts in the UK against the verdict.

SBI seeks Mallya family's full asset disclosure

SBI seeks Mallya family's full asset disclosure

Rediff.com5 Mar 2016

SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets

Mallya resigns as USL chief; to be paid Rs 515 crore

Mallya resigns as USL chief; to be paid Rs 515 crore

Rediff.com25 Feb 2016

Mallya will now be the Founder Emeritus of USL

Mallya slams CBI, ED, says their actions have no legal basis

Mallya slams CBI, ED, says their actions have no legal basis

Rediff.com4 Jul 2018

The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.

Payment default case: Interim relief for Kingfisher

Payment default case: Interim relief for Kingfisher

Rediff.com28 Aug 2014

The bank had issued the notice alleging the carrier has wilfully defaulted in payment of outstanding dues of more than Rs 770 crore (Rs 7.7 billion).

Banks reject Mallya's proposal to pay back Rs 4,000 crore

Banks reject Mallya's proposal to pay back Rs 4,000 crore

Rediff.com7 Apr 2016

Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya.

Sensex falls 362 points to end at 23,191

Sensex falls 362 points to end at 23,191

Rediff.com16 Feb 2016

The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.

Diageo gets hardly half a per cent in USL in open offer

Diageo gets hardly half a per cent in USL in open offer

Rediff.com16 May 2013

The offer, open on April 10-26, was meant to acquire close to 38 million shares at Rs 1,440 a piece.

Srei to keep its USL share as lenders seek theirs

Srei to keep its USL share as lenders seek theirs

Rediff.com24 Dec 2013

Lenders to Kingfisher Airlines, led by State Bank of India, had moved courts to get residual rights over these shares after Srei recovered the collateral from the defunct Kingfisher Airlines, making it difficult for Srei to sell the shares, said a legal source.

More threat to Mallya's stake in United Spirits

More threat to Mallya's stake in United Spirits

Rediff.com23 Dec 2013

The sale came when Mallya was trapped in a sea of debt, mainly as a result of the losses his now grounded carrier, Kingfisher Airlines, had been piling.

Vijay Mallya takes Rs 1.7 cr pay package from US brewery firm

Vijay Mallya takes Rs 1.7 cr pay package from US brewery firm

Rediff.com17 Apr 2016

More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands

Return with passport: Supreme Court tells Vijay Mallya

Return with passport: Supreme Court tells Vijay Mallya

Rediff.com10 Mar 2016

Banks are seeking an order that Mallya should appear in person before the court.

Adani buys Lanco's Udupi power plant for Rs 6,000 cr

Adani buys Lanco's Udupi power plant for Rs 6,000 cr

Rediff.com14 Aug 2014

Largest deal in thermal power space; Lanco to use proceeds to lower debt.

PwC caught in USL-Mallya crossfire

PwC caught in USL-Mallya crossfire

Rediff.com28 Apr 2015

The agency did not seek a reappointment in FY12.