INDIA: Potential spanner in works for Diageo as UB Group hit by US$90m guarantee demand

By Olly Wehring | 2 April 2013

The head of The UB Group has been told he must provide a personal guarantee of INR5bn (US$91.9m) to obtain a four-week protection period against lenders hoping to sell a portion of pledged shares in the United Spirits (USL) division.

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The head of The UB Group has been told he must provide a personal guarantee of INR5bn (US$91.9m) to obtain a four-week protection period against lenders hoping to sell a portion of pledged shares in the United Spirits (USL) division.

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