USL said it received call notices from a party nominated by Mallya indicating its intention to purchase four non-core properties from the company.
The Karnataka High Court has pulled up UBHL for non-compliance of its earlier order.
After the CCI's nod for the USL-Diageo open offer, the two companies are trying to rush the approval process with Sebi. USL-Diageo have responded to Sebi's final observation's on the open offer and sources say Sebi's clearance may come in soon, reports Kritika Saxena of CNBC-TV18.
Diageo may remove the put option clause from the its deal United Spirits, reports CNBC-TV18‘s Kritika Saxena.
Securities and Exchange Board of India (Sebi) has issued its final observations on USL-Diageo open offer. Sebi has asked for changes in the purchase agreement, reports CNBC-TV18's Kritika Saxena.
Market regulator Securities and Exchange Board of India (SEBI) has come out with clarifications on the takeover code, which basically clears the road for USL-Diageo deal to go through as of now.