Mallya-Diageo deal: Sebi may order additional payouts for small investors

Concerned over the loss to shareholders, Sebi may opt for fresh open offer

Concerned over the 'loss' caused to United Spirits' minority shareholders due to $75-million sweetheart deal between its erstwhile promoter Vijay Mallya and new owner Diageo, regulator Sebi may soon order additional payout for small investors by way of a fresh open offer.

Sebi, which on Wednesday night barred Mallya and six others from securities markets on fund diversion charges and also restrained him and Ashok Capoor (ex-MD of United Spirits) from holding directorship at any listed firm, is also probing "change in control of USL" due to a settlement pact under which the beleaguered businessman agreed to exit from boards of