Similar notice was issued to 15 other companies, including NEPC India, Net 4 India, Orbit Corp, REI Six Ten Retail, Shree Ganesh Jewellery House and REI Agro.
Coming down heavily on companies where auditors have flagged serious lapses, regulator Sebi and stock exchanges have asked at least 75 listed firms, including Kingfisher Airlines and its parent UB Holdings, to restate their financial accounts after addressing these issues.
United Breweries Holdings has reported a standalone sales turnover of Rs 140.89 crore and a net loss of Rs 3.55 crore for the quarter ended Dec '13
The alcoholic beverages segment posted revenue of Rs 70.91 crore, while leather products clocked Rs 14.68 crore and the readymade garments segment posted Rs 18.51 crore during the quarter, the company said in a filing to the BSE.
Here's how small cap stocks opened on January 2
UB Holdings topped the buying list, rising 17.85 percent. Ashoka Buildcon gained 15.08 percent as the company received Rs 596.28 crore worth of order from Tamil Nadu Generation and Distribution Company.
Here's how small cap stocks opened on January 1.
SP Tulsian of sptulsian.com advises to remain invested in United Breweries Holdings.
Rajat Sethi, Partner, S&R Associates says in terms of overall impact of the deal, it may be negligible given the definitive agreements based on what was disclosed in the market initially when the deal was announced.
While United Spirits stock can remain pressured in the short term, the Karnataka High Court ruling annulling sale of its shares by its parent company to Diageo does not alter long-term fundamentals, according to experts.
Here's how small cap stocks opened on December 23
GAIL | GSK Pharma | Axis Bank | Wipro | ICICI Bank | Larsen and Toubro | IOC | Infosys | Financial Technologies | United Spirits and United Breweries Holdings are stocks, which are in the news today.
Fereshte Sethna, lawyer representing BNP Paribas, one of the creditors that won the decision in Karnataka HC today, which declared that the share sale of United Spirits Ltd (USL) to Diageo by United Breweries Holdings Ltd (UBHL) null and void, shares her views.
The Karnataka High Court has held that the share sale of United Spirits Ltd (USL) to Diageo by United Breweries Holding Ltd (UBHL) is void. The court passed the ruling while admitting an appeal against the USL-Diageo deal by creditors of UBHL.
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United Breweries Holdings has reported a sales standalone turnover of Rs 118.79 crore and a net profit of Rs 1,024.34 crore for the quarter ended Sep '13
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Addressing the investors, Mallya said the situation of the company has not yet changed in Tamil Nadu with a drastic drop in its market share due to the ordering patterns, followed by the State Marketing Corporation, sole retailer of IMFL in the state.
Here's how small cap stocks opened on September 6
United Breweries Holdings has reported a sales standalone turnover of Rs 95.67 crore and a net profit of Rs 301.41 crore for the quarter ended Jun '13
UB Holdings has cut stake in United Spirit by 2.02% to 15.73%, report CNBC-TV18. At 10 hrs United Breweries Holdings was quoting at Rs 39.60, down Rs 2.05, or 4.92 percent.
The Bombay High Court on Tuesday rejected UB Holdings's plea to restrain State Bank of India (SBI) from selling shares of its group company United Spirits (USL). Those shares were pledged with the lender, which had lent around Rs 1,500 crore to Kingfisher Airlines, the aviation arm of the group.
UB Holdings has dragged SBI (State Bank of India) to court to prevent the sale of shares of United Spirits (USL) in the market held by the bank.