Diageo PLC (DGE.L)
5 May 2016
NEW YORK Rapper Aubrey "Drake" Graham became the newest member of The Forbes Five club of hip-hop's wealthiest artists on Monday with a net worth of $60 million, according to Forbes.
** Diageo Plc may raise stake in the liquor maker to 72 pct from 54.78 pct, reports CNBC TV 18, citing unidentified sources
MUMBAI Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters.
BENGALURU, India An Indian tribunal, heeding a call from a group of creditor banks, has blocked a $75 million settlement agreed between Diageo Plc and liquor baron Vijay Mallya, after he was ousted from the spirits giant's local unit last month.
* Mallya's defunct Kingfisher Airlines owes more than $1 bln (Recasts with tribunal verdict)
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/BENGALURU Liquor baron Vijay Mallya said he was in talks with banks for a one-time settlement of debt that his now-defunct Kingfisher Airlines owes, adding that he had no plans to run away from his creditors.
MUMBAI, March 7 Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than $1 billion.
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.