date:Jan 28, 2013
argest spirits company, is part of Vijay Mallya-led UB Group, whose aviation venture Kingfisher Airlines has been going through turbulent times.
As part of the deal, Diageo would acquire 27.4 per cent stake for Rs 5,725.4 crore through a combination of share purchase from existing promoters and preferential allotment of shares. In addition, it would purchase further 26 per cent stake for Rs 5,441.07 crore through open offer.
The proposed open offer for an additional 26 per cent stake in USL en