CCI approves Diageo-United Spirits deal

NEW DELHI (Reuters) - Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday.

Diageo agreed in November to buy a 53.4 percent stake in United Spirits Ltd for $2.1 billion.

(Reporting by Anurag Kotoky; editing by Malini Menon)