Liquor firm United Spirits today said it has appointed Paul Steven Walsh and Vikram Singh Mehta as additional directors of the company with effect from today.
The company’s board, in its meeting held today, has appointed Paul Steven Walsh, a nominee of Relay BV, and Vikram Singh Mehta as additional directors of the company with effect from August 19, United Spirits Ltd (USL) said in a filing with BSE.
Relay BV is a subsidiary of Diageo Plc.
Walsh was the Chief Executive of Diageo Plc from September 1, 2000 to June 30, 2013. He is currently advisor to the Chairman and Chief Executive of the UK-based firm.
Diageo Plc, which is the world’s largest spirits maker had acquired 25.02 per cent stake in Vijay Mallya-led United Spirits Ltd (USL) on completion of a share purchase deal announced last year.
Last year, Diageo had announced that it would pick up 53.4 per cent stake in USL in a multi-structured deal for a total of Rs 11,166.5 crore. Instead, it now has 25.02 per cent stake in USL for a total consideration of Rs 5,235.85 crore.
Shares of USL today closed at Rs 2,182.90 apiece on the BSE, down 2.07 per cent from its previous close.