New Document top_band
 
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.

Read more on:    Diageo | United Spirits | Vijay Mallya
Related News

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 -owned liquor company. Post an open offer for 26%, Diageo will own 53.4% in United Spirits 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

Those who took the plunge when others were fearful

Between June 2013 and June 2014, the promoter holding of both firms has remained constant, at 45.63% for FTIL and 26% for MCX

Only in India, tech on top of m-cap charts

India is the only country in the Brics pack to have a technology firm as the largest public company. China and Russia have energy companies at ...

Tech provider be neutral of commex ownership: FMC

Regulator mulling no entity with significant shareholding be allowed to be tech provider

Slowdown likely for diamond processors

Global rough diamond miner De Beers forecasts a slowdown in sales, Indian companies toface the heat

Indian setback helping global iron ore miners

India, very rich in iron ore, is becoming a major importer of the steel-making ingredient

Back to Top