The money was paid to Mallya in two tranches in his offshore accounts.
Dutch brewing major Heineken on Wednesday said it has acquired an additional 14.98 per cent stake in United Breweries Ltd, taking its total shareholding to 61.50 per cent. "Heineken N.V. today (on Wednesday) announces that it has acquired an additional 39,644,346 ordinary shares in United Breweries Ltd (UBL) taking its shareholding in UBL from 46.5 per cent to 61.5 per cent," Heineken said in a statement. UBL, with its flagship brand 'Kingfisher', is the leading player in the beer market in India.
Ronaldo moved Coca Cola bottles aside as he sat down to speak to the media on the eve of Tuesday's Group F opener against Hungary in Budapest.
Diageo on Thursday took full control of South African beer maker United National Breweries.
Supporters will be offered free water and paper caps and fans to help them keep cool, officials said.
A private funeral service was held for Warne's closest friends and family in Melbourne last week but all were invited to Wednesday's televised memorial where his father Keith mourned the loss of "a loving and caring son" and his former team mates remembered a fierce and mischievous competitor.
Harry Kane netted his 200th goal for Tottenham Hotspur as they won 3-1 at Ludogorets and AC Milan's 24-match unbeaten run ended
Richarlison is a rarity among the overindulged footballing elite. In a World Cup which has been overshadowed by social issues, Brazil's latest football sensation is championing more than just one cause, observes Deepti Patwardhan.
Italy defender Leonardo Bonucci could not get enough of the sponsors' offerings on Sunday, taking big swigs of Coca-Cola and Heineken as he spoke to media after their victory over England.
Once the shock value and comic potential of a woman selling condoms runs out, Janhit Mein Jaari loses its mojo, observes Deepa Gahlot.
Arsenal might be struggling in the Premier League but they are 100 per cent in Group B of the Europa League
According to government officials quoted by Kyodo late on Wednesday, Japan has begun looking into the possibility of making sure its Olympic and Paralympic athletes are all vaccinated by the end of June.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
Seven-time European champions AC Milan hit back from two goals down against Celtic to claim a 4-2 victory that sent them into the Europa League knockout phase on Thursday as they were among 14 teams to progress in Europe's second-tier competition.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
Pep Guardiola's ManchesterCity will play Romanian side Steaua Bucharest in the Champions League playoff round after the draw was made in Nyon on Friday.
All-rounder Connor Sully played a pivotal role in Australia's thrilling two-wicket win over England in a pulsating Group B match of the ICC U-19 World Cup, in Kimberly, on Thursday. He took two wickets and later smashed a crucial 35 as Australia first restricted England to 252 for 7 and then overhauled the target with the last ball of the match at the Diamond Oval.
UNESCO is looking at adding another Indian locale to its prestigious index of World Heritage Sites -- Meghalaya's Living Root-Bridges.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
"They have beer business in India, which has a conflict of interest as Kingfisher is the largest beer brand in the country. I am ready to buy back," Mallya said in Baramati while opening United Spirits' Baramati Four Seasons winery. Earlier in January, a consortium of Carlsberg and Heineken had acquired S&N for 7.5 billion pounds. S&N had 37.5 per cent stake in the UB Group. As per the takeover agreement, Heineken was supposed to continue to hold S&N's business in the UK.
Belgian league leaders Antwerp secured a shock 1-0 win over Tottenham Hotspur and AC Milan extended their unbeaten run to 23 games as they won 3-0 against Sparta Prague in the Europa League on Thursday, while Arsenal cruised to a 3-0 win over Dundalk.
With this, Heineken's stake has risen from 39% to 42.2%.
The banks have asked the court to demand his return and to impound his passport.
In a move that could change the sweepstakes in the Indian beer market, brewing giant SABMiller plans to acquire rival Scottish & Newcastle in a $12.8 billion deal, the Sunday Express said on Sunday.
'London being Tier 2, pubs can serve drinks but only with a 'substantial meal',' sighs Sunanda K Datta-Ray.
The state government has decided to open the retail liquor vends throughout the state barring in coronavirus 'containment zones', Deputy Chief Minister Dushyant Chautala said.
There is no doubt that India is a large growth market in the long term. But there are major problems related to aviation turbine fuel (ATF), ATC, infrastructure, shortage of pilots and so on. Taking all of this into account, I would call our approach one of maintaining long-term sustainability - a step-wise, organised growth with a focus on efficiency, says Edgardo Badiali.
New infections have spiked ahead of the Olympics, which are set to start in July
Mallya holds a 32.86 per cent stake in United Breweries, after having ceded control to Dutch brewer Heineken in December last year.
Actor-director Jay Chandrasekhar and his business partner Kevin Heffernan talk about their latest film The Babymakers.
The man who ran Mohan Meakin for over four decades was a teetotaller.
India is currently among the top 3 markets in Asia in terms of expected growth rates.
United Spirits Limited clocked sales volume of 100 million cases for the fiscal ended March 31, 2010, becoming the world's second largest spirit company by volumes, UB group chairman Dr Vijay Mallya,announced on Wednesday.
Here's a look at some of the more interesting sights at the G7 2015 summit.
Three time European champions Inter Milan were stunned 2-0 at home by Israeli side Hapoel Beer-Sheva and Manchester United were floored by a late goal from Feyenoord as the Europa League group stage got underway on Thursday.
'Crores are spent on Martyrs Day and on lighting candles, but people don't respect living soldiers who are heroes.'
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