Tue, Feb 07, 2017
The Karnataka High Court on Tuesday ordered winding up of United Breweries Holdings Ltd (UBHL) for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines of Vijay Mallya.
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Thu, Jan 26, 2017
Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.
Tue, Jan 24, 2017
UB Group issued a statement in Bengaluru confirming the visit of CBI team.
Sun, Jul 10, 2016
Beleagured liqour-barron Vijay Mallya has time and again said that he is being unfairly targetted. He fled India fearing an unfair trial because of the media campaign to tarnish his image. He constantly pleads not-guilty on social media.
Thu, May 26, 2016
Diageo-owned United Spirits Ltd on Thursday said it has written off Rs 566 crore in connection with recovery of funds that were "diverted" from the company and its subsidiaries to Vijay Mallya-led UB Group firms, including defunct Kingfisher Airlines.
While putting in place a stringent framework to choke the funding sources for wilful defaulters, Sebi has also restrained such entities from setting up market intermediaries like mutual funds and brokerage firms.
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