India. United Breweries board seeks legal view on Sebi’s ‘wilful defaulter’ rules
Vijay Mallya, currently chairman of UBL, has also legally challenged the application of the new rules and its implication to his board position at UBL. (more…)
India. Singh Sheikhawat: consumer is far more promiscuous today than he ever was
Senior vice-president of marketing at United Breweries, Samar Singh Sheikhawat interview. (more…)
India. Banks to file objections to Heineken’s impleadment plea
The Consortium of Banks led by SBI today said it would be filing objections to the Dutch beer major Heineken’s application before the Debt Recovery Tribunal seeking to be impleaded in the Vijay Mallya case. (more…)
India. United Breweries names Steven Bosch as new CFO
Steven Bosch replaces Henricus Petrus van Zon, who will move on to a new assignment with Dutch beer major Heineken (more…)
India. United Breweries down over 2% on Vijay Mallya exit talks
Shares of United Breweries Ltd fell by over 2% today amid intense speculation that its Chairman Vijay Mallya may have to step down soon and sell his shares due to tightening of noose by markets regulator Sebi. (more…)
India. United Breweries Limited’s: Improvement in Sales of Draught Beer through KEGMONITOR SCM System
Used RFID Technology and Mobility to implement a first of its kind solution in the Indian Beer industry to monitor movement of draught beer kegs on the field using GSM connectivity. (more…)
India. Vijay Mallya may step down as United Breweries chairman
Vijay Mallya is likely to step down as chairman of United Breweries, being automatically disqualified in line with the market regulator’s notification barring wilful defaulters from holding board positions in listed companies. Controlling stakeholder Heiniken and the board of directors will meet soon in this regard to identify a successor, said people aware of the matter. (more…)
India. UBHL seeks a month’s time to file results due to Vijay 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. (more…)
India. United Breweries looks to grow 5-6% in FY17
Though margins are under pressure, this is just an aberration for United Breweries Limited, said Shekhar Ramamurthy, MD of the company. He is of the view that pressure in barley prices may continue to exist going forward. (more…)
India. UB board to keep faith in Vijay Mallya, for now
Says willing to come back to India if govt assured him safe passage (more…)