Ubhl

Mallya is at present based in London and extradition proceedings are on to bring him to India as the ED and the CBI are probing parallel criminal cases against him for an alleged bank loan default of Rs 9,000 crore.

UBHL seeks more time for Q3 results after CBI seizes records

With CBI seizing its documents and records in the ongoing investigation against Chairman Vijay Mallya, United Breweries (Holdings) has stated that it is unable to file financial results within stipulated time and has sought time up to March 15 to file its quarterly report.

Mallya PMLA case: Court confirms Rs 1,411 attachment order

A special anti-money laundering court here has confirmed an attachment of assets order worth Rs 1,411 crore issued by the ED against UBHL and others in connection with its money laundering probe against liquor baron Vijay Mallya and others.

Mallya made UBHL Principal Officer, monitoring ops from London

Mallya, who is the Chairman of the company, is wanted in India in connection with loan default of over Rs 9,000 crore from various banks linked to the defunct Kingfisher Airlines, has been based in the UK since March this year.

UBHL seeks nod to buy Rs 150-cr goods including beer from UBL

The company's AGM will be held on September 29 in Bengaluru. Besides, the company has proposed re-appointment of one of its directors, Daljit Mahal, who is retiring by rotation.

DRT reserves orders for July 25 on UBHL, Vijay Mallya's plea

Submitting grounds for seeking cross-examination of the documents submitted by bankers, Mallya and UBHL's counsel said the statements of interest levied on loans availed in the documents did not bear signatures and seals.

Have found fund diversions by Mallya entities: United Spirits

USL said that some of the transactions appeared to have been initiated before that period. The company, a unit of Diageo, also said that independent experts had been engaged to assist in the inquiry.

ED attaches Mallya, UBHL assets; DRT to hear default case today

The assets include his bank balance of Rs 34 crore and a flat in Bangalore and Mumbai each. The UB Towers in Bangalore are also part of the list of assets.

Diageo files interlocutory application

After filing of interlocutory applications by Diagio, UBHL and Kingfisher, DRT Presiding Officer Benakanahalli posted the matter for next hearing tomorrow.

UBHL seeks a month's time to file results due to Mallya cases

UBHL has sought a month's time to file last fiscal's results citing "uncertainties" resulting from ongoing cases against its Chairman Vijay Mallya in the Supreme Court and Debt Recovery Tribunal over the Rs 9,000 crore dues owed by its defunct group firm Kingfisher Airlines to lenders

Expect significant downgrade on United Spirits: CIMB

Given the lack of clarity in terms of core earnings, CIMB Equities has a reduced rating on USL after having a negative rating on the stock since 8 months.

USL fails to furnish financials; dropped from all indices

The Exchange has provided time till September 18 for portfolio managers to align to these changes. Zee Entertainment will replace USL from September 19th.

SC to hear Diageo, UBHL plea against K'taka HC order on Mon

Diageo and UBHL had moved to the Supreme Court against the Karnataka High Court order in the case where it has declared share sell between UB group and Diageo as null and void.

UB‘s Unsecured Creditors: Happy Hours!

In April last year, 10 unsecured creditors of UB Holdings filed a winding up petition against the company. While this petition and 4 similar others were pending, UB Holdings approached the Karnataka HC seeking permission to sell the shares it held in United Spirits to Diageo.

Sensex end flat; Kingfisher up 10% on Mallya's assurance

Kingfisher Airlines shares are locked at 10 percent upper circuit after founder Vijay Mallya, in company's annual general meeting, says the airline company has submitted three revival plans to Directorate General of Civil Aviation (DGCA).

K'taka HC gives Mallya a breather; keeps summon in abeyance

The Karnataka High Court (HC) on Tuesday gave a breather to Vijay Mallya after it kept its summons in abeyance till the audit report of the USL-Diageo deal is submitted.

UB Holdings up on TV reports about stake sale ruling

Shares in United Breweries Holdings Ltd jump 9.9 percent after CNBC-TV18 and ET Now reported the Karnataka High Court has allowed UBHL to sell its shares in group company United Spirits to Diageo Plc to complete the long-pending deal.

UB group's loan repayment hinges on K'tka HC judgment

CNBC-TV18's Vineetha Athrey spoke to several sources and presents a round-up of all the legal action regarding the UB group's repayment of loans and the decision of the Karnataka High Court.

UBHL auditors raise concern over exposure to ailing KFA

Auditors of UBHL, the holding company of Vijay Mallya-led UB Group, have raised concerns over its significant financial exposure of Rs 13,500 crore to the grounded carrier Kingfisher Airlines.

BSE lowers stock circuit limit for UB Holdings

Leading bourse BSE has halved its circuit limit for the shares of United Breweries Holdings Ltd, capping its maximum movement in a day at 5 per cent. The change is effective from today and follows a sharp rally in the share price of the company in past few days.