The board of directors of United Spirits has asked promoter and chairman Vijay Mallya to resign from the board on the matter of fund diversion.
United Spirits has drifted lower in the early morning deals on the BSE, on media reports that the board of directors at United Spirits has asked promoter and chairman Vijay Mallya to resign from the board on fund diversion.
So far, the stock has tumbled almost 4 percent from the day's high of Rs. 3,464 to touch a low of Rs 3,330.
Now, United Spirits is down 2 percent at Rs. 3,350, and has seen trades of around 24,000 shares as compared to its two-week daily average volume of 38,000 shares.
Meanwhile, the BSE Sensex has slipped 146 points at 27,292.
United Spirits has drifted lower in the early morning deals on the BSE, on media reports that the board of directors at United Spirits has asked promoter and chairman Vijay Mallya to resign from the board on fund diversion.So far, the stock has tumbled almost 4 percent from the day's high of Rs. 3,464 to touch a low of Rs 3,330.
Now, United Spirits is down 2 percent at Rs. 3,350, and has seen trades of around 24,000 shares as compared to its two-week daily average volume of 38,000 shares.
Meanwhile, the BSE Sensex has slipped 146 points at 27,292.
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