Diageo

Race for RCB: Dr Ranjan Pai, Adar Poonawalla, EQT, Premji Invest submit non-binding bids

Private equity giant Blackstone is also planning to submit a potential non-binding bid, but no final decision has been taken, sources said

United Spirits denies parent Diageo eyeing RCB stake sale: 'Not pursuing any such discussions'

Earlier in the day, a Bloomberg report had said that Diageo is looking for potential suitors for its IPL franchise with a valuation of around Rs 17,000 crore.

United Spirits shares rise 2% to hit 5-month high as report says parent Diageo explores stake sale in RCB

Bloomberg reported, citing sources, that Diageo has been holding discussions with potential advisers as it weighs possibilities, and may seek a valuation of as much as Rs 17,000 crore

Diageo weighs options for stake in Royal Challengers Bengaluru

The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club

More trouble for Diageo as CAG points to lapses in liquor quality control in Delhi

In a report on Delhi Liquor policy, CAG has pointed out that Delhi's excise department issued licenses to wholesalers despite compliance lapses.

India alleges Diageo, Sequoia Capital made suspicious payments to influence decisions

The CBI said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly on sales of imported duty-free liquor.

Diageo is said to weigh Ciroc Vodka sale after Diddy tie-up ends

Diageo is studying a sale of Cîroc following the settlement in January of a lawsuit with Combs where he accused the spirits company of racism in its alleged neglect of Cîroc Vodka and another liquor brand called DeLeón Tequila

Diageo submits financial documents in Delhi police investigation: Report

Hina Nagarajan, the CEO of Diageo's Indian unit, United Spirits, was summoned to appear before New Delhi police on July 26 in the case that relates to company's supply of liquor to government agencies running alcohol shops and payments received from the city between 2017 and 2020.

Diageo India issues clarification after reports say CEO Nagarajan summoned by Delhi Police

The company said the Delhi Police has sought information about operations from a company representative and not CEO Hina Nagarajan specifically

Diageo Plc appoints Nik Jhangiani as new CFO, Lavanya Chandrashekar steps down

Nik Jhangiani will be taking up the position and joining Diageo’s Board and Executive Committee in Autumn 2024.

Premium liquors to dominate profitability in future, says Diageo India CEO

Speaking about what could help the industry progress Nagarajan mentioned that pricing unlock, and tax harmonization can help the business.

Diageo lifts profits on higher prices

Diageo said profit after tax rose to £3.73 billion ($4.76 billion) in its financial year to the end of June from £3.25 billion in 2021/22.