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.

Related News

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.

 

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Back to Top