United Spirits

United Spirits News

USL asks Mallya to step down, alleges fund diversion

Mallya has refused to resign, saying the inferences and allegations were ‘unjustified and false’.

United Spirits Q2 net loss at Rs 27.83 cr

The company had posted a net profit of Rs 94.27 crore for the corresponding period of the previous fiscal.


United Spirits June quarter net loss at Rs 56 cr

The company had posted a net profit of Rs 118.13 crore during the same period of previous fiscal.

Write-downs behind, United Spirits to focus on margin improvement: Analysts

Focus at USL may now shift to margin improvement following balance sheet clean-up under Diageo.


Vijay Mallya's United Spirits stake dwindles below 5 per cent

Even as Diageo is looking to increase its stake in USL, Vijay Mallya's stake in company is under threat.

Diageo makes Rs 11,448 crore offer for 26% additional stake in USL

Diageo, the maker of Johnnie Walker scotch and Smirnoff vodka, controls USL through its holding and a shareholder agreement, and the tender offer is unlikely to result in any management changes.

United Spirits stock up nearly 12% on Diageo open offer

United Spirits' stock ended the day 11.58 per cent higher at Rs 2,853.15 on the BSE.

CCI okays United Spirits deal to sell Tamil Nadu distillery

The deal involves hiving off operations at the unit of USL that manufactures Indian Made Foreign Spirits to Enrica.