Diageo to buy 53.4% in Vijay Mallya's United Spirits

Updated: November 09, 2012 21:11 IST

In a business deal that may provide Vijay Mallya a breather from troubles emanating from the grounded Kingfisher Airlines, British alcoholic drinks giant Diageo on Friday announced that it will acquire 53.4% stake in United Spirits for Rs 11,166.5 crore in a multi-structured deal.

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