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

India Inc pushes for dilution, delay of new regime

Officials of top corporate groups, directors and consultants are in constant discussion with ministers, officials and regulators to cushion the ...

Himachal students to learn financial literacy from NSE

The course would help make students financially aware at a young age and understand concepts such as savings and investments

Media important part of Sebi's surveillance mechanism: Sinha

Sinha said news reports helped Sebi determine whether the companies have followed all necessary norms in their business plans

Gold up Rs 70 in NCR on festive season demand, global cues

Silver adds Rs 150 to Rs 43,000 per kg on steady buying by industrial units, coin makers

UTI MF undertakes HR transformation plan

UTI MF is looking to engage with employees and increase transparency in the system

Back to Top