Bangalore: It is a situation which may require Diageo's financial
prowess to untangle the maze in which United Spirits is getting sucked
into due to the mess which Kingfisher Airlines has put UB Group into. An
advance of little over to Rs 1,350 crore to UB Holdings (the holding
company of UB Group), from United Spirits, which presumably went to fuel
Kingfisher Airlines, has now come to haunt - United Spirits, India's
largest spirits company, in which Diageo has a strategic management
control.
Showing posts with label UB group. Show all posts
Showing posts with label UB group. Show all posts
Friday, 20 June 2014
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