The United Spirits Ltd. (USL) deal with Diageo has really raised the flagging spirits of Vijay Mallya. For stepping down as Chairman of USL, Mallya has not only bagged $75 million (Rs.515 crore) but also a soothing property deal. The deal allows Mallya or his nominee to purchase 13 residential, non-core properties of India’s biggest spirit maker located across various parts of the country. Further, as disclosed on an analyst call, the former Chairman of USL will get a 10 per cent discount on three of the key USL properties in Goa, Delhi and Mumbai respectively. Read More at http://shopsandhomes.com/blog/index.php/2016/02/mallya-lands-a-property-deal-in-addition-to-rs-515-crore-from-diageo-for-leaving-usl/
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