date:Jan 28, 2013
Fair trade regulator Competition Commission of India today described as work in progress, the review of the application seeking nod for the Diageo-United Spirits deal.
Competition Commission of India (CCI) is believed to have expressed reservations over the proposed Rs 11,166 crore purchase of a majority stake in UB group's United Spirits Ltd by Diageo Plc.
Without disclosing specific details on the deal, CCI Chairman Ashok Chawla said the review of the application is work in progress.
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