Page 8 - United Spirits
United Spirits to reduce debt by up to Rs 2,000 crore in 2 yrs
The company has an outstanding debt of over Rs 4,000 crore as on March 31, 2016
 "United Spirits to reduce debt by up to Rs 2,000 crore in 2 yrs")
USL writes off Rs 566-cr dues
Meanwhile, United Spirits' standalone net loss narrowed to Rs 8.99 crore for the March quarter, on account of exceptional items
 "USL writes off Rs 566-cr dues")
United Spirits extends gain; up 10% in three days
The stock moved higher by 5% to Rs 2,600, extending its 5% gain in past two trading sessions on the BSE.
 "United Spirits extends gain; up 10% in three days")
United Spirits gains on buzz of Diageo plan to hike stake
The stock was trading higher by 6% to Rs 2,495 on the BSE in otherwise weak market in noon deal.
United Spirits soars above 6% after Vijay Mallya quits as chairman
Under the agreement, the UK-based company, Diageo agreed to pay Rs 515 crore and absolve him from all the liabilities over alleged financial lapses at the firm founded by his family
 "United Spirits soars above 6% after Vijay Mallya quits as chairman")
As Mallya steps out, M K Sharma to take over as new USL chairman
Mallya's exit from the board of USL ended a long-drawn tussle between him and the majority owner, UK's Diageo
United Spirits gains on exit of Vijay Mallya
The stock rallied 6% to Rs 2,836 on the BSE in early morning trade.
 "United Spirits gains on exit of Vijay Mallya")
