Zee Media Bureau
New Delhi: The Supreme Court on Monday rejected UB Group chairman Vijay Mallya's plea in a case pertaining to violation of foreign exchange rules by the Enforcement Directorate.
Meanwhile last week, Diageo-controlled United Spirits Ltd (USL) had exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.
United Spirits sold its stake to Heineken International BV at a price consideration of Rs 1,030 per share, United Spirits said in a BSE filing.
United Breweries is the owner of the popular Kingfisher beer brand and claims to have a market share of 50 per cent.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
