date:Jan 10, 2013
Diageos open offer for acquiring up to 26% of shares in United Spirits (USL) has been delayed as regulatory clearances are still to come by.
The Rs5,441-crore open offer that was tentatively scheduled to have taken place between January 7 to January 18 has still to get approval from the Securities and Exchange Board of India (Sebi). According to a notification sent to the BSE by JM Financial Institutional Securities, the lead manager to this open offer, the schedule of activities stands revised