Vijay Mallya Could Lose Post As Chairman Of Firm He Inherited At 28

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters. They said such a move would likely be a prelude to the Dutch drinks firm raising its stake in the maker of Kingfisher beer to above 50 per cent, betting on a small but fast-growing beer market. Heineken acquired a 3...