Vijay Mallya’s last nominee on UBL board to step down

2021-07-13 00:08:54

Ravi Nedungadi, the only remaining nominee of Vijay Mallya on the board of , will step down at the company’s annual general meeting on July 29.

Majority shareholder Heineken has named Berend Odink as director and the chief financial officer of United Breweries to replace Nedungadi, who has been on the board since 2002.

However, even with a 61.5% stake or 75% shareholder approval, the maker of the Kingfisher beer cannot appoint its own chairman unless it

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