Any race that has to be run in India has to be run under the banner of the recognised affiliate, says the FMCI chairman.
'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.
With this, Heineken's stake has risen from 39% to 42.2%.
France said on Wednesday it would be too happy to see Indian liquor baron Vijay Mallya become a major player in the French champagne industry, but for that to happen he needs to outsmart competition.
Kingfisher Airlines, the wholly owned subsidiary of United Breweries, on Tuesday announced the operation of daily Airbus A320 flights on two new routes - Bangalore-Chennai and Bangalore-Hyderabad from Wednesday.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Chairman of United Breweries group Vijay Mallya on Monday said that his company was keen to enter into the alcohol retail sector.
Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
The Supreme Court on Tuesday issued notice to the market regulator Securities and Exchange Board of India on the issue of settlement reached between Vijay Mallya's UB Group and Chhabria Group
With Mitsubishi pulling the plug on it the days of the Pajero maybe over, but nobody who ever owned one will forget it. Some even learnt life-long lessons from it, says Pavan Lall.
In a bid to capture greater market share of UK's Indian restaurants, United Breweries (Scottish & Newcastle) will embark on a one million pound mega media campaign later this month to promote its flagship beer brand 'Kingfisher'.
Liquor baron Vijay Mallya has bought most of the items related to former Mysore ruler Tipu Sultan which went under the hammer for over 1 million pounds with Sotheby's auctioneers in London.
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.
In January, Sebi had barred Mallya and six former officials of USL from securities markets in a case related to illegal fund diversions.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
Market regulator Securities and Exchange Board of India will soon appeal to the Supreme Court against the Securities Appellate Tribunal's order directing Chhabrias to make an open offer to shareholders of Herbertsons Ltd.
Liquor baron Vijay Mallya's Kingfisher Airlines, which plans to launch its operations from May 9, plans to float a public issue in the next 18 months to two years, a top company official said on Friday.
United Breweries Ltd has bought out the minority stake of 35 per cent in Associated Breweries and Distilleries Ltd with the deal being finalised at a put option price of Rs 24 crore (Rs 240 million).
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
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