Sebi closes proceedings against Mallya's 3 group firms

The acquisition was exempted from open offer obligations, but no disclosure was made by the UB group firms.

ED attaches 4.13 crore shares of United Breweries Ltd promoter firms

United Breweries was once headed by fugitive liquor baron Vijay Mallya.

Kingfisher Beer, Black Dog and Budweiser are the top three most trusted alcoholic beverage brands.

Total income during the quarter under review grew to Rs 2,738.04 crore from Rs 2,199.49 crore.

UBL had requested Mallya to step down as chairman of the company as early as February and now want him to quit the board as well.

USL parent Diageo had given Mallya a $75-million severance package as part of parting deal.

Net income stood at Rs 2,562.03 crore in the last quarter of 2016-17, against Rs 2,494.48 crore.

In past, Mallya did not turn up in courts despite several warrants were issued gainst him.

SEBI's order dated January 25, 2017 is a direction to Dr Vijay Mallya and others in their respective capacities.