Vijay Mallya Should Not Continue on United Spirits Board: Proxy Advisory Firm

New Delhi: The continuation of Vijay Mallya, who has been declared a 'wilful defaulter', on United Spirits Ltd's board would constrain the company from raising debt in the country, Institutional Investor Advisory Services (IiAS), a proxy advisory firm, has said. The firm has advised United Spirits' (USL) shareholders to vote against the proposal to reappoint Mr Mallya as director on the board. Earlier this month, United Bank ...