Mar 26, 2013 at 11:30 | Source: Moneycontrol.com
Shares of United Spirits fell more than one percent on Tuesday. Media reports indicated the UK-based spirits major Diageo is finally set to launch its open offer to buy an additional 26 percent stake in United Spirits (USL) by next week.
Mar 20, 2013 at 10:22 | Source: Moneycontrol.com
North-based liquor manufacturing company Globus Spirits gained 16 percent in early trade on Wednesday after getting Rs 70.5 crore from Templeton Strategic Emerging Markets Fund and Rs 10.7 crore from promoter.
Mar 05, 2013 at 18:42 | Source: PTI
Liquor baron Vijay Mallya today said United Spirits and Diageo Plc have received all regulatory approvals for their Rs 11,166.5 crore deal under which the Indian spirits maker will sell 53.4 per cent to the UK-based firm.
Mar 01, 2013 at 14:20 | Source: PTI
After seeking clarifications and changes four times in a proposed acquisition of majority stake by UK-based Diageo in UB group's United Spirits Ltd, fair trade regulator CCI has ruled that the deal would give a boost to entry of premium brands in alcoholic beverage market.
Jan 16, 2013 at 13:42 | Source: PTI
Fair trade regulator Competition Commission of India (CCI) is believed to have expressed reservations over a proposed Rs 11,166 crore purchase of a majority stake in UB group's United Spirits Ltd, as it has found certain clauses of the deal to be based on probabilities and not definitive in nature.
Sep 25, 2012 at 12:37 | Source: PTI
United Spirits today said UK-based Diageo Plc is in talks to buy stake in the Vijay Mallya owned firm.
Sep 21, 2012 at 14:00 | Source: CNBC-TV18
The United Spirits and Diageo deal is in its final talks over valuations. CNBC-TV18's Kritika Saxena learns from sources that the UK-based liquor company is likely to value USL around Rs 1,300 a share.
Aug 13, 2012 at 15:42 | Source: CNBC-TV18
In an interview to CNBC-TV18 Ajay K Swarup, managing director, Globus Spirits spoke about the financial performance of the company in the quarter gone by. He informed that the companys growth is on track.
Aug 08, 2012 at 16:08 | Source: CNBC-TV18
The proposed stake sale between Vijay Mallya-owned United Spirits and UK-based Diageo may have hit regulatory hurdles. CNBC-TV18 learns from sources that the proposed USL- Diageo deal has hit antitrust hurdle again.
May 03, 2012 at 15:02 | Source: PTI
TN govt plan to allow grain based distilleries in state