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OLD POST
Some time back , I used to attend AGM s of Punjab Breweries , Ludhiana ( merged with United Breweries ).
There I used to inter act with top executives of UB Group ( though I never met Vijay Mallya ).
I recall two different aspects of Vijay Mallya 's personality
Unlocking Phenomenal Shareholder Value - Brilliance of Vijay Mallya
Punjab Breweries was merged with United Breweries , Foreign partners ( First
Scottish & Newcastle ) were brought in. Phenomenal share holder value was unlocked. Similarly , in the case of McDowell and Co. We held shares in Carew and Co. ( merged with McDowell ) . The struggle with Chhabrias for control of Shah Wallace brought forth the fighter in Vijay Mallya.
The other aspect of his personality -impulsiveness
. Immediately on inheriting a vast fortune , at a very young age from his father Vittal Mallya, Vijay sold the iconic Kissan and Hebertsons ( Dipy's ) to Hindustan Lever. There was a legal spat as Vijay , simultaneously ,entered in to an Agreement for sale of Kissan with Food Specialties ( Nestle ) also. Hind Lever took out a Suit For Specific Performance This was totally avoidable as were present negative developments
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