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Yes Bank Invokes Rs 156-Crore United Breweries Shares
United Breweries Ltd (UBL) on Wednesday said Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
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Vijay Mallya In 'Full Control' Even After Moving To UK: UB Group
UB group holding firm United Breweries Holdings Ltd has said that Vijay Mallya remains in "full control" even after relocating to the UK, and disclosed his remuneration totalling Rs 1.6 crore.
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UB Holdings Seeks Nod To Buy Rs 150-Crore Goods
Vijay Mallya-promoted UB Holdings Ltd (UBHL) is seeking approval of its shareholders for a transaction of up to Rs 150 crore towards purchase of goods, including beer, from group firm United Breweries Ltd.
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Vijay Mallya's Legal Proceedings In India Now Troubling His US Beer Firm
Legal proceedings in India against beleaguered businessman Vijay Mallya have now come to haunt his US-based brewery firm, which is banking on a $1-million bridge loan promised by his holding firm for survival.
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Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms
In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
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Vijay Mallya Takes Rs 1.7 Crore Pay Package From His US Brewery
Beleaguered liquor baron Vijay Mallya received a pay package of over Rs 1.7 crore last year from his US-based brewery firm that itself is struggling for funds and has been served default notices by lenders.
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Vijay Mallya's Son Sidhartha Quits As Director of UB Holdings
Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.
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United Spirits to Pursue Recovery of Rs 1,337 Crore UB Holdings Loan
United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of Rs 1,337 crore ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
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Yes Bank Invoked Only 0.16% UBL Shares: McDowell Holdings
McDowell Holdings, a unit of Vijay Mallya-led UB Group, on Wednesday said private sector lender Yes Bank had invoked shares of United Breweries Ltd (UBL) which formed only 0.16 per cent of its holding.
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Sebi Fines UB Holding Rs 15 Lakh for Disclosure Lapses
Capital markets regulator Sebi on Friday slapped a fine of Rs 15 lakh on United Breweries (Holding) Ltd for not making disclosures regarding creation and invocation of certain pledge transactions in shares of United Spirits.
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Zuari Group May Have 3 Directors on MCFL Board
UB Group, the original promoter of Mangalore Chemicals and Fertilizers Ltd (MCFL) along with Zuari Group has successfully staved off a takeover bid by rival Deepak Fertilisers. UB Group holds nearly 22 per cent.
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Heineken Eyes Control of Kingfisher Beer Maker: Report
The Dutch brewer, the single largest shareholder in United Breweries with a 42.07 per cent stake, plans to take that holding beyond 50 per cent by buying shares from liquor baron Vijay Mallya and his group firms, the sources said.
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United Breweries Seeks Shareholders' Nod on Rs 50Cr Investment, Loan Outlay
United Breweries (Holdings) Ltd (UBHL) said it was also seeking nod to invest up to Rs 15 crore in Mendocino Brewing Co Inc, which is a step down subsidiary where the company through its subsidiaries holds 68.10 per cent of its share capital.
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UB Group Plans to Up Stake in Mangalore Chemicals
Close on the heels of end of takeover battle for Mangalore Chemicals and Fertilizers Ltd (MCFL), Vijay Mallya-led UB Group plans to hike its shareholding in the fertiliser firm by acquiring shares from Zuari Group, which now holds an over 53 per cent stake.
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Support to Vijay Mallya Subject to 'Absence of Defaults': Diageo
With United Spirits asking its chairman Vijay Mallya to quit, the majority owner Diageo on Monday said its "contractual obligations" to support his presence would not apply in the event of "defaults" by the Indian businessman and his group firm UB Holdings Ltd.
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Yes Bank Invokes Rs 156-Crore United Breweries Shares
United Breweries Ltd (UBL) on Wednesday said Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
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Vijay Mallya In 'Full Control' Even After Moving To UK: UB Group
UB group holding firm United Breweries Holdings Ltd has said that Vijay Mallya remains in "full control" even after relocating to the UK, and disclosed his remuneration totalling Rs 1.6 crore.
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UB Holdings Seeks Nod To Buy Rs 150-Crore Goods
Vijay Mallya-promoted UB Holdings Ltd (UBHL) is seeking approval of its shareholders for a transaction of up to Rs 150 crore towards purchase of goods, including beer, from group firm United Breweries Ltd.
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Vijay Mallya's Legal Proceedings In India Now Troubling His US Beer Firm
Legal proceedings in India against beleaguered businessman Vijay Mallya have now come to haunt his US-based brewery firm, which is banking on a $1-million bridge loan promised by his holding firm for survival.
-
Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms
In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
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Vijay Mallya Takes Rs 1.7 Crore Pay Package From His US Brewery
Beleaguered liquor baron Vijay Mallya received a pay package of over Rs 1.7 crore last year from his US-based brewery firm that itself is struggling for funds and has been served default notices by lenders.
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Vijay Mallya's Son Sidhartha Quits As Director of UB Holdings
Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.
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United Spirits to Pursue Recovery of Rs 1,337 Crore UB Holdings Loan
United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of Rs 1,337 crore ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
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Yes Bank Invoked Only 0.16% UBL Shares: McDowell Holdings
McDowell Holdings, a unit of Vijay Mallya-led UB Group, on Wednesday said private sector lender Yes Bank had invoked shares of United Breweries Ltd (UBL) which formed only 0.16 per cent of its holding.
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Sebi Fines UB Holding Rs 15 Lakh for Disclosure Lapses
Capital markets regulator Sebi on Friday slapped a fine of Rs 15 lakh on United Breweries (Holding) Ltd for not making disclosures regarding creation and invocation of certain pledge transactions in shares of United Spirits.
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Zuari Group May Have 3 Directors on MCFL Board
UB Group, the original promoter of Mangalore Chemicals and Fertilizers Ltd (MCFL) along with Zuari Group has successfully staved off a takeover bid by rival Deepak Fertilisers. UB Group holds nearly 22 per cent.
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Heineken Eyes Control of Kingfisher Beer Maker: Report
The Dutch brewer, the single largest shareholder in United Breweries with a 42.07 per cent stake, plans to take that holding beyond 50 per cent by buying shares from liquor baron Vijay Mallya and his group firms, the sources said.
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United Breweries Seeks Shareholders' Nod on Rs 50Cr Investment, Loan Outlay
United Breweries (Holdings) Ltd (UBHL) said it was also seeking nod to invest up to Rs 15 crore in Mendocino Brewing Co Inc, which is a step down subsidiary where the company through its subsidiaries holds 68.10 per cent of its share capital.
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UB Group Plans to Up Stake in Mangalore Chemicals
Close on the heels of end of takeover battle for Mangalore Chemicals and Fertilizers Ltd (MCFL), Vijay Mallya-led UB Group plans to hike its shareholding in the fertiliser firm by acquiring shares from Zuari Group, which now holds an over 53 per cent stake.
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Support to Vijay Mallya Subject to 'Absence of Defaults': Diageo
With United Spirits asking its chairman Vijay Mallya to quit, the majority owner Diageo on Monday said its "contractual obligations" to support his presence would not apply in the event of "defaults" by the Indian businessman and his group firm UB Holdings Ltd.
