there is no movement in RCOM to excite 160 CE. thats a meagre chance. USL can move. rather significantly. Diageo has that capability to move prices. However this US downward movement seems to pose a risk in short term. I personally beleive that FII`s are going to thrash Indian stock markets. its
3.28 PM Dec 6th
Source:Economic Times - MUMBAI: United Spirits, in which the world`s largest distiller Diageo has acontrolling stake, has started the process of appointing investment bankers for the sale of Whyte & Mackay brands. The move comes soon after Britain`s anti-trust authority expressed competition
3.24 PM Dec 5th
he winning bankers may also get the mandate to sell United Breweries` 7% stake in USL, which could fetch around $100 million (Rs 620 crore). Diageo, which has the right to buy this stake, may decide not to exercise its right as the purchase would increase its cost of acquisition of USL. Between
12.05 PM Dec 5th
"The USL board will meet to discuss the OFT (The Office of Fair Trading) order. It is premature to speculate on the next steps," said an UB group spokesperson. Diageo, which bought 25.2% stake in USL, offered to sell most of the Whyte & Mackay (W&M) brands in a proposal last week to the British
12.04 PM Dec 5th
Investment bankers such as the Citigroup, Bank of America Merrill Lynch, JP Morgan and UBS have made their initial pitches to the company to win the sell-side mandate. The board of USL, controlled by Diageo, is expected to meet shortly to finalise the investment bankers.
12.04 PM Dec 5th
United Spirits, in which the world`s largest distiller Diageo has a controlling stake, has started the process of appointing investment bankers for the sale of Whyte & Mackay brands. The move comes soon after Britain`s anti-trust authority expressed competition concerns in the blended whiskey
12.03 PM Dec 5th
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