News: United Spirits Ltd (UNSP.NS)
Tue, May 3 2016
** Diageo Plc may raise stake in the liquor maker to 72 pct from 54.78 pct, reports CNBC TV 18, citing unidentified sources
BENGALURU, March 7 An Indian tribunal has temporarily halted a $75 million settlement due to be paid by spirits giant Diageo Plc to liquor baron Vijay Mallya, after he resigned as chairman of Diageo unit United Spirits .
* India tribunal says former United Spirits Chairman Vijay Mallya cannot withdraw money received in Diageo settlement for now
MUMBAI United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of 13.37 billion rupees ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
MUMBAI, Feb 26 India's United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of 13.37 billion rupees ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
** United Spirits gains as much as 6.3 pct to its highest since Jan 25
MUMBAI Liquor baron Vijay Mallya has agreed to give up his chairmanship and board position at India's top spirits company United Spirits Ltd, ending months of acrimony with the company's new owner Britain's Diageo Plc.
MUMBAI, Feb 25 Liquor baron Vijay Mallya has agreed to resign from his post of chairman and non-executive director of India's largest spirits company United Spirits Ltd , the local arm of Britain's Diageo Plc.
* Dec quarter earnings include one-off charge of 105.3 million rupees for provisions for loans and advances to units
* Says agreed to acquire rights to distribute McDowell's', a mainstream spirits brand of United Spirits Limited (USL) in Nigeria