ALSO READDiageo gains control over United Spirits, ups stake to 25% Vijay Mallya to continue as USL non-executive director, chairman Mallya to continue as non-executive director, chairman of USL Diageo completes stake purchase in USL, gets only 25% Mangalore Chemicals extends fall post Deepak Fertilisers stake buy
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.
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.