Tag: Diageo Plc

United Breweries seeks to lend more to Kingfisher, stock gains

Shares of ailing Kingfisher Airline gained just after its parent United Breweries Holdings Ltd. has announced to provide additional loans of Rs.450 crore to grounded airline, reports said. Read more

Diageo to debut United Spirits open offer Rs 5,441-cr in Jan

Vijay Mallya 150x150 Diageo to debut United Spirits open offer Rs 5,441 cr in Jan

Vijay Mallya

The world largest wine maker group Diageo Plc is going to debut its open offer to buy 26% stake in Vijay Mallya-owned United Spirits Ltd, as per of earlier signed deal.

The amount of 26% acquiring stakes would be over Rs 5,441 crore and the process is starting from January next year, as per company saying.

As per United Spirits Ltd (USL) announcement, the open offer will commence on January 7, 2013, and will close on January 18, 2013 under which Read more

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