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Diageo buys fresh 26% in USL for Rs 11,449 cr

Last Updated: Wednesday, July 02, 2014, 18:17

UK-based Diageo paid Rs 3,030 for a share of United Spirits Ltd (USL), more than double of Rs 1,440 it offered in the previous bid last year.

Concerned over Diageo-USL deal impact: UK fair trade watchdog

Last Updated: Friday, February 07, 2014, 14:14

As UK's fair trade watchdog OFT continues to probe Diageo's purchase of controlling rights in United Spirits from India's UB group, the regulator has released a 53-page report detailing concerns posed by this deal to competition in the British whisky market.

United Spirits charts plan to sell Whyte & Mackay

Last Updated: Thursday, January 09, 2014, 20:52

Up against a regulatory hurdle in the UK over the USD 2 billion takeover by global liquor giant Diageo, United Spirits' board today approved a plan to sell Whyte & Mackay Ltd (W&M), an indirect wholly-owned subsidiary of the company.

Diageo portfolio integration to make USL more powerful: Mallya

Last Updated: Tuesday, September 24, 2013, 17:52

"USL has embarked upon premiumisation policy with focus on premium brands where we achieved strong double-digit growth that will mitigate the cost increase implication to some extent," Mallya told reporters after the USL Annual General Body meeting here.

Diageo completes stake purchase in USL, gets only 25.02%

Last Updated: Thursday, July 04, 2013, 21:23

The world's largest spirits maker Diageo Plc Thursday said it has acquired 25.02 percent stake in Vijay Mallya-led United Spirits Ltd (USL) on completion of a share purchase deal announced last year, getting less than half of what it had originally planned.

Diageo's open offer for United Spirits to start from April 10

Last Updated: Friday, April 05, 2013, 13:18

CCI had given its nod to the deal in February this year.

Competition Commission clears United Spirits-Diageo deal

Last Updated: Thursday, February 28, 2013, 21:09

Fair trade regulator Competition Commission has approved UK major Diageo Plc's proposed majority stake purchase in Vijay Mallya-led United Spirits, saying the deal would not have adverse impact on competition.

Diageo, United Spirits officials to meet this week

Last Updated: Sunday, February 17, 2013, 11:42

Sources said that top officials of Diageo and USL are likely to meet this week in Goa to discuss various issues related to the proposed deal. UB Group Chairman Vijay Mallya is also expected to be present at the meeting.

Diageo gets more time for USL open offer

Last Updated: Monday, February 11, 2013, 10:36

Diageo has requested Sebi to allow it to launch an open offer for purchase of shares in United Spirits after receipt of all regulatory approvals.

Diageo-United Spirits deal clearance 'work in progress': CCI

Last Updated: Thursday, January 24, 2013, 14:33

Fair trade regulator Competition Commission of India on Thursday described as "work in progress", the review of the application seeking nod for the Diageo-United Spirits deal.

SEBI seeks more details on Diageo's United Spirits offer

Last Updated: Tuesday, January 15, 2013, 19:30

This is the second time in about a month that SEBI (Securities and Exchange Board of India) has sought clarifications from Diageo through the liquor major's merchant bankers, JM Financial, with regard to the proposed deal.

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

Last Updated: Tuesday, November 20, 2012, 19:55

Diageo Plc will launch its over Rs 5,441 crore open offer in January next year to acquire 26 percent stake in Vijay Mallya-led United Spirits.