The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury KingfisherTowers has been stalled.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
Banking and telecom will see the highest impact of this transition.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
The rush for prohibition and the Supreme Court's decision to ban liquor sales within 500 metres from highways have hurt companies.
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
The company will move swiftly to consolidate its recent acquisition of three distilleries and will also take a decision on setting up a Rs 650-crore two-furnace glass plant in Andhra Pradesh, said sources.
McDowell's, the whisky brand owned by USL, sold 19.27 million nine-litre cases of Indian made foreign liquor whisky in 2012, compared to Officer's Choice whisky, owned by the Chhabria-led Allied Blenders & Distillers, which sold 18.55 million cases.
The company hires Accenture for financial re-engineering, including slashing of debt ratios; changes to be visible soon
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
Last Saturday, USL board asked its Chairman Vijay Mallya to quit.
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Banks, real estate and metal scrips among the top losers.
'Amul has never replaced premium ingredients with cheap ones.'
The offer, open on April 10-26, was meant to acquire close to 38 million shares at Rs 1,440 a piece.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
The move is aimed at making it easier to do business in India.
Sanofi India is seeking approval of the shareholders for perpetuity.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
The author finds out if India's love affair with Old Monk has ended
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi told the Supreme Court.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
As his personal wealth started booming, Mallya went on a buying spree.
In a major clampdown for non-compliance of Listing Agreement, top exchanges BSE and NSE announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next month.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
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