Mallya Seals Diageo Deal but Kingfisher Future Uncertain

Diageo has agreed to buy a majority stake in United Spirits Ltd, controlled by Vijay Mallya, for $2.1 billion, or Rs 11,000 crore, fuelling a push by the world’s biggest spirits group into fast-growing markets. However, the fate of his Kingfisher Airlines was not clear as Mallya chose to delink the United Spirits sale with…

UB Group and Diageo in Talks for Stake Purchase as Share Prices Surge

Vijay Mallya will be a concerned, and busy man too. The much talked about meetings between the UB Group and UK based Diageo are now underway, with relation to buyingstakes in the UB subsdiary company, United Spirits. The news of this development seems to have spread far and wide, and pushed the stocks of United…