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Diageo buys 53.4% of Mallya's liquor Empire 09 November 2012
In an interesting turn of events world's largest spirit manufacturer of liquor, Diageo has bought 53.4% stake in Dr. Vijay Mallya's Unitied Spirits (USL) for USD 2 billion which means he will now lose the controlling stake. However, Dr. Mallya...
Keywords: kingfisher crisis, kingfisher crisis, diageo, united spirits
Read MoreSC Holds Liquor Baron Guilty Of Contempt On Plea 09 May 2017
The Supreme Court, held businessman and liquor baron Vijay Mallya guilty of contempt of court by a consortium of banks. Mallya, in violation of the court’s order, transferred USD 40 million to his children. A bench comprising Justices A K...
Keywords: Extradition, Consortium of banks, Vijay Mallya, Scotland Yard
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