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Open offers hit 1-year high at Rs 12,549 cr in June

Last Updated: Tuesday, July 29, 2014, 18:08

The overall worth of open offers for public shareholders hit a one-year high of Rs 12,549 crore in June, almost entirely on account of a mega offer by global liquor giant Diageo Plc to acquire stake in United Spirits.

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.

SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL

Last Updated: Monday, May 26, 2014, 18:59

Global liquor giant Diageo Plc has received market regulator SEBI's clearance for an open offer to acquire additional 26 percent stake in United Spirits Ltd for Rs 11,448.91 crore.

United Spirits to sell Whyte & Mackay for 430 million pounds

Last Updated: Friday, May 09, 2014, 21:49

United Spirits will sell UK arm Whyte & Mackay for 430 million pounds (about Rs 4,360 crore) to Philippines-based Emperador in a bid to clear a regulatory hurdle related to Diageo's acquisition of the company formerly controlled by Vijay Mallya.

Diageo posts double digit growth in India in Q3

Last Updated: Thursday, April 17, 2014, 19:25

The world's largest liquor maker Diageo Thursday reported double-digit growth in India in the third quarter ended March 31, amid a global slump in sales.

United Spirits stock up nearly 12% on Diageo open offer

Last Updated: Tuesday, April 15, 2014, 17:23

Shares of United Spirits Ltd Tuesday zoomed nearly 12 percent after liquor major Diageo Plc made a Rs 11,448.91 crore offer to public shareholders of the company to acquire an additional 26 percent stake.

United Spirits stock surges 15% on Diageo's open offer

Last Updated: Tuesday, April 15, 2014, 13:47

On the NSE, the stock zoomed 14.99 percent to Rs 2,940.80 - its 52-week high.

Diageo makes Rs 11,448.91 crore offer for 26% stake in USL

Last Updated: Tuesday, April 15, 2014, 12:11

The liquor firm has launched the offer through Relay BV, its wholly-owned indirect subsidiary.

TCS to manage global IT infrastructure for Diageo

Last Updated: Thursday, February 20, 2014, 14:30

Country's largest software services firm TCS Thursday said it has bagged a global IT infrastructure management deal from Diageo, a leading premium drinks maker.

Supreme Court orders 'status quo' in United Spirits-Diageo deal

Last Updated: Monday, February 10, 2014, 13:51

SC directed that the "status quo" be maintained in the sale of United Spirits to British group Diageo Plc until April, when the court will hear the matter again.

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.