Business Standard

United Spirits hits record high on change of guard

On Thursday, Diageo acquired a 14.98% stake in United Spirits for Rs 3,135 crore through its subsidiary Relay B.V.

Related News

is trading higher by 2% at Rs 2,609, extending its 18% rally in past four days, after drinks giant took control of the company on acquiring 25% stake in the company.

On Thursday, Diageo acquired a 14.98% stake in United Spirits for Rs 3,135 crore through its subsidiary Relay B.V. Diageo has acquired 21.77 million shares of United Spirits at price of Rs 1,440 per share on off-market-deal from promoters of teh company.

Before this, in May, Diageo had acquired a 10% stake through a preferential allotment and 0.44% in open after made to United Spirits shareholders.

“Pursuant to the sale of the sale shares, Diageo Plc and Relay B.V. will be considered ‘promoters’ of the company,” United Spirits said in a regulatory filing.

United Breweries (Holdings) Limited and Kinghfisher Finvest India, which collectively hold 11.08% stake, will also continue as promoters of the company, it added.

The stock opened at Rs 2,620 and hit a record high of Rs 2,626 on BSE. A combined around 1 million shares have changed hands on the counter till 1140 hours on BSE and NSE.

Read more on:   
|
|

Read More

Parekh Aluminex gains on debt restructuring plans

The company has already got approval from the Registrar of Companies-Mumbai, vide letter dated April 05, 2013.

Quick Links

 

Market News

Sensex, Nifty end at record closing highs; bank shares rally

The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477.

Indices end at record closing high; Nifty eyes 8,500

The Sensex and the Nifty hit all time high of 28,361 mark and 8,490 levels, respectively

Essar Oil extends fall as Sebi revamps delisting norms

The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.

ICICI Bank fixes record date for stock split; stock hits new high

The bank has fixed December 5 as the record date for its proposed stock split.

Titagarh Wagons, Texmaco Rail gain on orders win report

Titagarh Wagons surged 6% to Rs 317, while Texmaco Rail & Engineers up 3% at Rs 120 on BSE.

Back to Top