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.

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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.

United Spirits to offload 11.35 pct stake in Pioneer Distilleries

United Spirits Ltd will sell 11.35 per cent stake in Pioneer Distilleries Ltd to comply with regulatory requirements of having 25 per cent public shareholding. In a filing to the BSE, United Spirits Ltd said: “The promoter and holding company of Pioneer Distilleries Ltd propose to sell 15,20,067 equity shares of Rs 10 each representing […]

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.

United Spirits orders probe into loans to UB Group cos

The Board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted a whopping net loss of Rs 4,488.77 crore for the financial year ended March 31, 2014. The company had reported net loss of Rs 105.03 crore in […]

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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.

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