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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.

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' stock down almost 3% on bourses

Last Updated: Monday, May 12, 2014, 22:56

Shares of United Spirits closed almost three percent down Tuesday after the company said it will sell its UK-arm Whyte & Mackay for 430 million pounds (about Rs 4,360 crore) to Philippines-based Emperador.

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.

United Spirits appoints Anand Kripalu as CEO

Last Updated: Wednesday, April 30, 2014, 16:13

Liquor firm United Spirits Ltd (USL) on Wednesday said its Board has appointed Anand Kripalu as the Chief Executive Officer of the company with effect from May 1.

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.

Tech Mahindra, United Spirits to join Nifty

Last Updated: Friday, February 28, 2014, 08:35

The two stocks will replace Jaiprakash Associates and Ranbaxy Laboratories, NSE said in a circular onThursday.

Star India ropes in Nokia, Idea as joint sponsors for Asia Cup

Last Updated: Friday, February 21, 2014, 18:40

Broadcaster Star India is looking to cash in on the upcoming Asia Cup cricket tournament to be held in Bangladesh, which will feature prime fixtures such as India-Pakistan clash.

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.