Private equity giant Blackstone is also planning to submit a potential non-binding bid, but no final decision has been taken, sources said
United Spirits share price: The brokerage also hiked its target price for the stock to Rs 1,760 per share, implying an upside potential of over 11.5% from the stock's current market price of Rs 1,578 per share.
In another exchange filing, the company said that its board has approved the appointment of Praveen Someshwar as the Managing Director and Chief Executive Officer for a period of five years.