date:Feb 07, 2013
atory open offer is the final stage for completion of Diageo-United Spirits deal worth over Rs11,000 crore. The British spirits major, which had struck a deal with the beleaguered UB Group to acquire a 53.4 stake in USL in November, has already acquired 27.4% through a combination of share purchase from promoters and preferential allotment.
The open offer, which was scheduled to open in the second week of last month, had got delayed, pending approval from regulators. Sebi apparently was not par