It took Diageo many years to win the hand of United Spirits (USL), the subsidiary of the Vijay Mallya-owned UB Group. But, this week, the back-slapping that hailed the securing of its successful courtship gave way to pre-wedding jitters as an Indian court ordered Mallya to stump up a INR5bn (US$91.9m) personal guarantee. For a moment, the party looked like it had been brought to a juddering halt.
In the Spotlight – Diageo’s United Spirits Rollercoaster
It took Diageo many years to win the hand of United Spirits (USL), the subsidiary of the Vijay Mallya-owned UB Group. But, this week, the back-slapping that hailed the securing of its successful courtship gave way to pre-wedding jitters