The new Diageo management had asked Vijay Mallya to step down.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
Here's the full text of the statement
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.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
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Banks, real estate and metal scrips among the top losers.
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
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.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
Mallya has denied that he had fled India and said he would comply with laws.
The contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified on Wednesday.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
Mallya left the country on March 2 and has had his passport revoked.
Price has been fixed at Rs 85.3cr
The lenders have not ruled out selling the property to recover part of their loans to the company.
Vijay Mallya is accused of money laundering and violating the FEMA.
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.
In all, 4.2 million shares were sold during the quarter.
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.
Businessman Vijay Mallya's property worth Rs 14 crore located in France has been seized under the anti-money laundering law, the Enforcement Directorate said on Friday. It said the action was undertaken by French authorities "on the request of the Enforcement Directorate" and the property bears the address: 32 Avenue FOCH in France.
California-based Mendocino Brewing Company, which sells a number of beer brands including Kingfisher in the US, has got Mallya as its chairman and is owned by UB Group through a complex shareholding structure
A week after lenders invoked more of pledged shares, they did so again.
Banks tighten hold on Mallya for defaults on KFA loans
Diageo asks Mallya to quit USL board; alleges fund diversion
The petition has also made the Ministry of Finance and the bank as parties in the case.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
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.
Diageo gets assurance, Heineken may seek one, too.
SBI Capital, Axis Capital, GMR Holdings, United Breweries, Alpic Finance (a Cipla group unit), Saradha Realty, United Bank of India and Trident India are among the prominent entities named in the list.
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
United Breweries Group chief Vijay Mallya's son, Sidhartha Mallya is set to step into the world of brand endorsement with celebrity management firm KWAN signing him up to become face of some luxury brands.
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.
All companies stock price surged on the news that UB Group has reached a deal with the world's largest spirit maker Diageo for a stake sale.
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