United Breweries

United Breweries News

Chairman Mallya ceases to be director, says United Breweries

The CBI (Central Bureau of Investigation) has two cases against him -- one related to the IDBI Bank case and the other related to a loan default of over Rs 6,000 crore filed on the basis of a complaint from a State Bank of India led consortium.

Sebi expands probe into financial dealings of Mallya firms

Sebi is also probing any possible violation of norms aimed at checking fraudulent and unfair trades and compromising the interest of minority shareholders.


Beer maker Heineken raises stake in United Breweries to over 43%

The sellers included ECL Finance and Yes Bank and the average price of shares, bought on Wednesday, works out to Rs 846.27 apiece, marginally higher than Wednesday’s closing price.

PNB declares Vijay Mallya’s UB Holdings as wilful defaulter

Shares of United Breweries (Holdings) plunged by 11.23 per cent as the PNB move to slap ‘wilful defaulter’ tag is likely to hit UB’s fund-raising plans.

Kingfisher Airlines invites sharp criticism from auditors over revival plan

Kingfisher Airlines has never reported a full-year profit as yet.

United Spirits share price falls after court annuls United Breweries Group's deal with Diageo

Court orders cancellation of sale to Diageo in response to a petition by creditors of United Breweries Group.


Diageo may end up with a smaller stake in Vijay Mallya's United Spirits

Karnataka HC annuls 7% of United Spirits (USL) shares sold by United Breweries (Holdings) to Diageo.

Heineken inches past Vijay Mallya to become top shareholder in United Breweries

Heineken,the world's third-largest brewer,now owns 38.7 per cent of United Breweries.

Heineken buys UBL shares for Rs 275 cr

The shares were purchased,from Citicorp Finance (India) Ltd on an average price of Rs 772.9,valuing the transaction at Rs 275 crore.

Kingfisher in talks with an investor,says Mallya

Kingfisher has remained grounded for almost a year now under the burden of huge debts totalling over Rs 7,000 crore.