No Timeframe Set for Kingfisher's Revival Plan: DGCA INDOlink "They ( Kingfisher ) said they will su

In one of the biggest stake sales by a domestic firm to a foreign company, UK-based Diageo Plc will buy a 53.4 per cent stake in Vijay Mallya-led United Spirits Ltd (USL) for Rs 11,166.5 crore in a multi-structured deal.
"This is not a sellout; it's my appreciation tom cruise films of needs... I have recognised tom cruise films the consolidation needs (of Diageo) and wholeheartedly appreciate it... I have not sold any family tom cruise films jewel but embellished it," Mallya said after announcing the deal.
On initial receivables, Mallya said USL will get Rs 3,300 crore while Rs 2,400 crore will go to UBHL's account. When asked about the debt position, he said: "At present, USL has a debt of about Rs 8,300 crore. The money, which will come into USL, will primarily be used to reduce debt."
Following completion of these agreements, Mallya will continue in his current role as chairman of USL and UBHL and will work with Diageo to build the USL business as the current consumer trends for premiumisation grow in India.
Some of the major inbound deals in the past - wherein a foreign company or its subsidiary had acquired an Indian entity - include BP's $9 billion acquisition of Reliance Industries' oil gas assets and the acquisition of Cairn India by NRI billionaire Anil Agarwal led-Vedanta Resources for over $8 billion.
Will Diageo's Rs 11000 crore deal with Mallya save Kingfisher ? NDTV Vijay Mallya has struck a Rs 11,000 crore deal with the world's largest spirits group, Diageo, which will now have a controlling stake of 53.4 per cent in Mr Mallya's crown jewel United Spirits. The big question: how much cash will Mr Mallya now divert ... See all stories on this topic
No Timeframe Set for Kingfisher's Revival Plan: DGCA INDOlink "They ( Kingfisher ) said they will submit the revival plan. There is no timeframe for that. Whenever they are ready they can come. We have not got any indication from them when they are going to come to us," Mishra said on the sidelines of ACI Asia ... See all stories on this topic
Diageo deal not yet plus for Kingfisher Indian Express The Diageo deal could bring nearly Rs 2,400 crore to the balance sheet of United Breweries Holding Ltd (UBHL), but it is unlikely to impact tom cruise films the revival plan for the group's cash-starved Kingfisher Airlines, sources said. The board of UBHL will decide ... See all stories on this topic
Kingfisher Airlines' troubles continue as Mallya won't use Diageo deal money ... Business Today The development comes at a time when Mallya is trying to overcome financial problems in his grounded Kingfisher Airlines. "This is not a sellout; it's my appreciation of needs... I have recognised the consolidation needs (of Diageo) and wholeheartedly ... See all stories on this topic Business Today
Birds rescued, activists complain of habitat loss Times of India COIMBATORE: The corporation zoo got some new inmates after some residents rescued a Black Kite, which was unable to fly, from a playground and a White-throated Kingfisher , which was being chased by a cat, from the city on Saturday and handed them ... See all stories on this topic
Deadline looming for Kingfisher entries ECB.co.uk Clubs wanting to enter next year's Kingfisher Beer Cup must register before the November 23 or risk missing out. Entry is limited to 256 teams from around the country and the winners will take home 5,000 with prizes for all teams that reach the last ... See all stories tom cruise films on this topic
Kingfisher must satisfy safety norms: Ajit Singh Hindu Business Line Ailing Kingfisher Airlines will have to satisfy aviation regulator DGCA about safe flight operations and also make sure that its employees are not disgruntled before it resumes its services, Civil Aviation Minister Ajit Singh said on Saturday. The ... See all stories on this topic Hindu Business Line
Redditch Lions prepare for annual Children in Need collection Redditch Advertiser The club collected in the town centre - the Kingfisher Centre was yet to be completed - and donations were put towards the BBC's aim of raising 1 million. Several club members in typical Lions style, rushed off to Pebble Mills Studios with a massive ... See all stories on this topic