Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Vijay Mallya had indicated last month that he wanted to move to the UK to be closer to his children.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
While it is difficult to put a number on how much the impact on the ad sales tally could be, it is quite possible the broadcaster will not be able to make its Rs 2-billion target, says Urvi Malvania.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Beleaguered liquor baron Vijay Mallya on Wednesday announced he will retire as chairman of Sanofi India and will not seek reelection as a director of the drug maker.
Currently, Kohli has 13 brands under his belt.
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
Here's the full text of the statement
News of all that's transpired on and off the football field
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
'I have been most pained at being painted as an absconder'.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Few top honchos of India Inc did very well in 2014.
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