United Spirits appoints MK Sharma as chairman
United Spirits (USL) today announced the appointment of MK Sharma as its new chairman, a day after former chairman Vijay Mallya resigned from his position. “The agreement...brings to an end the uncertainty relating to the company’s governance," USL CEO said. USL had agreed to drop all charges of irregularities under Mallya's watch and pay him $75 million for his resignation.