Diageo waits for Sebi nod, open offer delayed
date:Jan 10, 2013
ank of India (RBI) and Competition Commission of India (CCI). Though the exact reason for delays is not known, experts dont see much of an issue.

SP Tulsian, an independent investment advisor, suggested that the delay is nothing out of the ordinary. This has happened in other cases as well. They do take time in the case of acquisitions involving foreign companies... The stock should remain between Rs1,900 and Rs2,000, he said.

The mandatory open offer is the final stage for completion of Diage
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