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Sep 21, 2012, 03.44 PM IST
Liquor baron Vijay Mallya-led United Spirits (USL) rose over 6% as the United Breweries group is likely to seek around Rs 1600 per share for stake sale in the company.
Liquor baron Vijay Mallya-led United Spirits (USL) rose over 6% as the United Breweries group is likely to seek around Rs 1600 per share for stake sale in the company.
CNBC-TV18 reported quoting sources that the deal between USL and Diageo, a global leader in spirits is likely in the final lap. Diageo is likely to value USL around Rs 1,300 per share while the UB group is likely to seek around Rs 1,600 per share for USL stake sale, say sources. CNBC-TV18 learns from sources that the term-sheet may be signed next week if valuations agreed upon. United Breweries Holdings' (a holding company of USL) annual general meeting will be held in Bangalore on September 27
At 15:25 hours IST, United Spirits was trading at Rs 1,004.35, up 6.35% amid hefty volumes.
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