The SFIO case involved allegations that there was fraud involved in the 2007 merger of entities belonging to Kingfisher and low-cost airline Deccan Air, which led to duping of investors and avoidance of tax.
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ETMarkets Morning Podcast (ETMarkets.com)
04:42 Min | July 13, 2021, 8:45 AM IST
Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks.
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Transcript
Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
RBI allows retail direct gilt accounts
Stage set for the country’s biggest LIC IPO
Realty stocks look set for a solid run-up
CEAT set to enter a fast lane
Vijay Mallya’s last nominee on UBL board to step down
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Synopsis
Majority shareholder Heineken has named Berend Odink as director and the chief financial officer of United Breweries to replace Nedungadi, who has been on the board since 2002.
Agencies
Mallya resigned from the UBL board in 2017 after markets regulator Securities and Exchange Board of India disqualified him from being a director of any listed company.
Ravi Nedungadi, the only remaining nominee of Vijay Mallya on the board of
United Breweries, will step down at the company’s annual general meeting on July 29.
Majority shareholder Heineken has named Berend Odink as director and the chief financial officer of United Breweries to replace Nedungadi, who has been on the board since 2002.
Vijay Mallya era at UB to end as Heineken moves to curtail powers of promoters thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.