date:May 27, 2014
British drinks major Diageo is set to launch its second open offer during mid-June, to acquire a 55% stake in Indian alcoholic beverages company United Spirits (USL).
The deal is expected to cost around INR54.41bn ($931.6m), reports business-standard.com.
The acquisition will take place through the company's wholly-owned indirect subsidiary Relay.
Meanwhile, the company plans to boost its revenues from emerging markets and USL is said to play a major role.
In February this year, Diageo has a