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SBI accuses Kingfisher Airlines of diverting funds
Mon, Jan 26 2015. 12 44 AM

SBI accuses Kingfisher Airlines of diverting funds

SBI alleges that the grounded airline is paying excess rental on aircraft leased from two Mauritius-based entities whose top executives were earlier associated with Vijay Mallya’s UB Group
USL minority shareholders okay Diageo deal with slim majority
Sat, Jan 10 2015. 11 24 AM

USL minority shareholders okay Diageo deal with slim majority

76.33% of USL minority shareholders approved the licensing, manufacturing pact with Diageo, just scraping past the 75% mark required for a related-party transaction
Karnataka high court admits 6 winding up petitions against UBHL
Tue, Jan 06 2015. 06 08 PM

Karnataka high court admits 6 winding up petitions against UBHL

UB Holdings informed the BSE that it is in the process of filing an appeal against the high court’s order
Deepak Fertilisers may give up hostile bid for Mangalore Chemicals
Tue, Jan 06 2015. 01 00 AM

Deepak Fertilisers may give up hostile bid for Mangalore Chemicals

The firm recently sold 2.6 million shares in UB Group’s Mangalore Chemicals and Fertilizers
Deepak Fertilisers not to make counterbid for MCFL
Sat, Jan 03 2015. 12 06 AM

Deepak Fertilisers not to make counterbid for MCFL

Deepak Fertilisers discloses in regulatory filing it had in December sold 2.6 mn shares of MCFL, paring its stake from 31.25% to 29.05%.
Vijay Mallya seeks personal hearing before United Bank’s panel
Thu, Dec 04 2014. 09 42 PM

Vijay Mallya seeks personal hearing before United Bank’s panel

United Bank’s executive director says Mallya has requested that he be allowed to present his case before the GRC to clarify his position
Mangalore Chemicals names Vijay Mallya’s stepmother as director
Thu, Dec 04 2014. 06 58 PM

Mangalore Chemicals names Vijay Mallya’s stepmother as director

On Monday, UB Group chairman Vijay Mallya had resigned as director of Mangalore Chemicals, without citing any reason
Vijay Mallya can’t be appointed as Kingfisher Airlines MD: ministry
Mon, Dec 01 2014. 09 31 PM

Vijay Mallya can’t be appointed as Kingfisher Airlines MD: ministry

The airlines’ application for Mallya’s reappointment for a period of 5 years without remuneration was rejected, the firm said in a BSE filing
United Spirits shareholders reject nine proposals
Mon, Dec 01 2014. 12 17 AM

United Spirits shareholders reject nine proposals

Rejection of the deals is a major setback for both Diageo, which controls United Spirits, as well as Vijay Mallya’s UB Group
United Spirits fails to get shareholder approval for Diageo licensing deal
Fri, Nov 28 2014. 11 48 PM

United Spirits fails to get shareholder approval for Diageo licensing deal

Some 29.8% of public shareholders of USL voted against the resolution to allow it to sell Diageo brands

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