In another setback to Vijay Mallya, the UK High Court on Friday directed the embattled liquor tycoon to pay British beverage giant Diageo over USD 135 million in relation to a collateral arrangement.
Diageo PLC, the world’s largest spirits maker, will hold back the remaining $35 million (approx. Rs 225 crore) of the $75 million (approx. Rs 482 crore) it had agreed to pay Vijay Mallya as part of a settlement
Bengaluru: In another blow to beleaguered businessman Vijay Mallya, the Debt Recovery Tribunal (DRT) today directed Diageo Plc not to disburse USD 40 million (Rs 268 crore) of the USD 75 million (Rs 500 crore)
Bengaluru: USL Chairman Vijay Mallya today said he will not retire from the company's board anytime soon, but would start thinking about it when he turns 60."I am not retiring quite yet, but as I
New Delhi/London: Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya today said majority owner Diageo has “contractual obligations” to support his position, even as the British liquor giant said the contract
London/ New Delhi: With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its "contractual obligations" to support his presence would not apply in the event of "defaults"
New Delhi: United Spirits (USL) has said it has received approval from minority shareholders for exclusive licence and distribution agreements with its parent Diageo, a proposal that had been defeated in a previous vote in
New Delhi: The world's largest liquor maker Diageo Plc on Tuesday made a Rs 11,448.91 crore offer to public shareholders of United Spirits Ltd to acquire an additional 26 percent stake, its second attempt to
New Delhi, Nov 9: The world's largest spirits maker Diageo Plc announced on Friday it will acquire 53.4 per cent stake in United Spirits for Rs 11,166.5 crore in a multi-structured deal, which may provide
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