date:Oct 12, 2012
e debt, according To BS.
The company is also in talks with Diageo Plc for a possible minority stake sale.
However, there is a major hurdle in the shape of USLs wholly owned subsidiary Whyte Mackay. If Diageo acquires a significant control in USL, it will lead to indirect control over Whyte Mackay, to which the European anti-monopoly body would object.
Recently, Credit Suisse an arm of the Swiss banking and financial services giant, Credit Suisse Group invested in HDIL.
In May, it sold 12.