United Breweries News

United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.

The domestic stock markets are expected to trade in green on Thursday, taking cues from the global markets.

The proposed transaction relates to Heineken's potential acquisition of additional equity stake up to 16.40 per cent shareholding in United Breweries

The UN has named beer brand Bira 91 as 'Brewery of the Month' and Bira 91 IPA as the 'Beer of the Month'.

On January 25 this year Sebi had restrained Vijay Mallya from holding position as director or key managerial personnel of any listed company which has not been vacated till date, UBL said in a regulatory filing.

Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.

"This court has come to a conclusion that the respondent company UBHL deserves to be wound up for failure to discharge their duties to pay up their creditors," Justice Vineet Kothari said in his order allowing petitions by banks and aircaft lessors.

United Breweries, which launched its malt-based beverage 'Kingfisher Buzz' in Delhi, would introduce more flavours in its ready-to-drink (RTD) product.

Embattled tycoon Vijay Mallya, who is in London avoiding court summons here, has been made Principal Officer of United Breweries (Holdings) Ltd (UBHL) in the absence of a Managing Director and is 'monitoring' the operations of the company from the UK.

Coming out in support of the embattled liquor baron Vijay Mallya, the United Breweries Ltd management said he would continue as UBL chairman despite reports that ED had attached his shares in the firm.

United Breweries Ltd has withheld Rs 1.64 crore payment to its Chairman Vijay Mallya after tax authorities barred any payments made to him in view of ongoing tax case against his defunct Kingfisher Airlines.

Liquor firm United Breweries Ltd (UBL) reported a 20.40 per cent rise in standalone net profit to Rs 147.06 crore for the quarter ended on June 30.

In a communication to BSE, Kingfisher Finvest India said it had pledged certain shares in USL to HDFC to secure loan given to United Breweries (Holdings).

The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11 per cent to settle at Rs 745.35 on BSE.

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.

United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.

The domestic stock markets are expected to trade in green on Thursday, taking cues from the global markets.

The proposed transaction relates to Heineken's potential acquisition of additional equity stake up to 16.40 per cent shareholding in United Breweries

The UN has named beer brand Bira 91 as 'Brewery of the Month' and Bira 91 IPA as the 'Beer of the Month'.

On January 25 this year Sebi had restrained Vijay Mallya from holding position as director or key managerial personnel of any listed company which has not been vacated till date, UBL said in a regulatory filing.

Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.

"This court has come to a conclusion that the respondent company UBHL deserves to be wound up for failure to discharge their duties to pay up their creditors," Justice Vineet Kothari said in his order allowing petitions by banks and aircaft lessors.

United Breweries, which launched its malt-based beverage 'Kingfisher Buzz' in Delhi, would introduce more flavours in its ready-to-drink (RTD) product.

Embattled tycoon Vijay Mallya, who is in London avoiding court summons here, has been made Principal Officer of United Breweries (Holdings) Ltd (UBHL) in the absence of a Managing Director and is 'monitoring' the operations of the company from the UK.

Coming out in support of the embattled liquor baron Vijay Mallya, the United Breweries Ltd management said he would continue as UBL chairman despite reports that ED had attached his shares in the firm.

United Breweries Ltd has withheld Rs 1.64 crore payment to its Chairman Vijay Mallya after tax authorities barred any payments made to him in view of ongoing tax case against his defunct Kingfisher Airlines.

Liquor firm United Breweries Ltd (UBL) reported a 20.40 per cent rise in standalone net profit to Rs 147.06 crore for the quarter ended on June 30.

In a communication to BSE, Kingfisher Finvest India said it had pledged certain shares in USL to HDFC to secure loan given to United Breweries (Holdings).

The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11 per cent to settle at Rs 745.35 on BSE.

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.