Vijay Mallya does not retain any meaningful ownership stake in United Spirits Limited today. After selling his primary controlling interest to British beverage multinational Diageo PLC, his remaining fractional shareholdings over the years were progressively seized, attached by enforcement authorities, and sold off through public auction blocks by consortiums of public sector banks and debt recovery tribunals to recover unpaid loans linked to his defunct airline venture. Consequently, his historical personal promoter holding has been reduced to practically zero.