date:Nov 01, 2012
nys chairman, was quoted as saying in a report over the weekend.
Diageo, the maker of Guinness, said last month that it was in talks to buy a stake in United Spirits, a deal that would help the worlds biggest distiller build its presence in the Indian whiskey market. United Spirits shares have more than doubled this year on expectations of a deal.
Its more of the rumours about the deal with Diageo not going through, said Ganesh Ram, an analyst at Kim Eng Securities. The deal is important from