The Board of United Spirits Ltd. has ordered a probe into the loans given by it to Vijay Mallya-promoted United Breweries Ltd. The probe has been ordered as the company registered a net loss of around 4,500 crore rupees for the year 2013-14, as against the net loss of 105 crore rupees in the previous year. The Board has directed the Managing Director to engage independent advisors and specialists as required for the inquiry.
News On AIR | September 6, 2014 10:20 AM
Board of United Spirits Ltd orders a probe into loans given by it to United Breweries Ltd