Business Standard

United Spirits soars post Diageo deal

Diageo Plc have made an open offer to acquire 26% shares held by the public at price of Rs 1,440 per share.

SI Reporter  |  Mumbai 

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United Spirits has soared 15 % to Rs 1,559 in opening deals on the Bombay Stock Exchange after British liquor giant Plc have made an open offer to acquire 26% shares held by the public at price of Rs 1,440 per share.               

On Friday, Diageo has agreed to buy 27.4% in the Vijay Mallya-owned liquor company. Post an open offer for 26%, Diageo will own 53.4% in that will involve a total payout of Rs 11,166.5 crore.

The stock opened at Rs 1,400 and hit a low of Rs 1,376 on the BSE. A combined 4.3 million shares have already changed hands on the counter in opening trades against an average 6.2 million shares that were traded daily in past two weeks.

 

United Spirits soars post Diageo deal

Diageo Plc have made an open offer to acquire 26% shares held by the public at price of Rs 1,440 per share.

United Spirits has soared 15 % to Rs 1,559 in opening deals on the Bombay Stock Exchange after British liquor giant Diageo Plc have made an open offer to acquire 26% shares held by the public at price of Rs 1,440 per share.

United Spirits has soared 15 % to Rs 1,559 in opening deals on the Bombay Stock Exchange after British liquor giant Plc have made an open offer to acquire 26% shares held by the public at price of Rs 1,440 per share.               

On Friday, Diageo has agreed to buy 27.4% in the Vijay Mallya-owned liquor company. Post an open offer for 26%, Diageo will own 53.4% in that will involve a total payout of Rs 11,166.5 crore.

The stock opened at Rs 1,400 and hit a low of Rs 1,376 on the BSE. A combined 4.3 million shares have already changed hands on the counter in opening trades against an average 6.2 million shares that were traded daily in past two weeks.

 

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