Advertisement

HindustanTimes Thu,25 Dec 2014

United Spirits approves preferential allotment of shares to Diageo

Reuters   May 27, 2013
First Published: 12:39 IST(27/5/2013) | Last Updated: 12:42 IST(27/5/2013)

United Spirits Ltd on Monday approved the allotment of 14.5 million shares on a preferential basis to a wholly owned unit of UK drinks group Diageo Plc, as part of the stake sale deal announced in November.

Advertisement
United Spirits will allot the shares to the Diageo unit at Rs. 1,440 a share, the company said in a statement to the Bombay Stock Exchange.


Advertisement
more from Business

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved