Vijay Mallya – FAB News

Diageo will take a shareholding in USL – Mallya’s Indian Spirits Company

By Newsroom on November 9, 2012 Alcoholic, Beverages, Latest

Diageo will now launch a Mandatory Tender Offer to the public shareholders of USL Diageo plc, United Breweries (Holdings) Limited and United Spirits Limited have today announced agreements under which Diageo would acquire a 27.4% stake in USL, the leading spirits company in India. The consideration will be INR 1440 per share and the total […]

Diageo could get controlling stake in Mallya’s United Spirits

By Newsroom on October 16, 2012 Alcoholic, Beverages, Latest

Sources have revealed that United Spirits Vijay Mallya is in London with Senior Executives and could be ready to hand over a controlling stake to Diageo. India’s IBN Live reports “As far as management control is concerned, Vijay Mallya and a couple of United Spirits shareholders will continue to remain on the board. But, the […]