Monday August 18, 2014
The Nifty is likely to consolidate around 7,800 with Asian markets trading flat. Strength in the rupee should improve sentiment as foreign flows remain the main driver. Extended weakness in oil should see more flows headed towards emerging markets wi...
Thursday July 31, 2014
Diageo Plc, the world's largest spirits maker, on Wednesday announced a top-level rejig as United Spirits chief executive Anand Kripalu has been elevated to its executive committee.
Monday July 21, 2014
Vijay Mallya-led Kingfisher Airlines on Monday withdrew its appeal in the Supreme Court seeking to restrain the SBI-led consortium of 17 banks from taking over possession of the 'Kingfisher House' in Mumbai.
Monday July 14, 2014
Liquor firm United Spirits Ltd (USL) has inked a pact to buy JP Impex Incorp's Karnataka-based assets - including plant and machinery - for Rs 11.5 crore, enhancing its liquor manufacturing capacity in the state.
Saturday July 5, 2014
The special resolution in connection with the sale of Whyte & Mackay has been approved by the United Spirits shareholders with requisite majority, United Spirits Ltd (USL) said in a filing to the BSE.
Wednesday July 2, 2014
UK-based Diageo paid Rs 3,030 for a share of United Spirits Ltd (USL), more than double of Rs 1,440 it offered in the previous bid last year.
Monday June 30, 2014
UK-based Diageo Plc had announced an open offer to buy 26 per cent stake in United Spirits in April. The open offer price was at a 15 per cent premium to USL shares, leading to sharp gains in the stock. The open offer, which ended earlier this month,...
Thursday June 19, 2014
The price difference in cash market and June futures of USL is likely to converge by June 26, which is the expiry day for June series. So either the stock price in cash market will fall or the futures prices will rise to converge with each other.
Friday June 13, 2014
India Global Competitive Fund, part of Kolkata-based Srei group, on Friday offloaded nearly 22 lakh shares in United Spirits for a little over Rs 597 crore.
Friday June 6, 2014
Nifty is likely to open in green on Friday as indicated by the future trade of Nifty on Singapore stock exchange. Mood is likely to be positive as Foreign Institutional Investors bought Indian equities worth Rs 1,368 crore on Thursday. Sensex closed ...
Tuesday June 3, 2014
The open offer Diageo made in April last year met a lukewarm response from shareholders of USL, India's top spirits maker with brands including Signature, Bagpiper, Antiquity and Royal Challenge, and it picked up a 25.02 per cent stake for Rs 5,235.8...
Monday May 26, 2014
This is the second open offer made by Diageo to gain majority control in India's number one liquor firm.
Thursday May 15, 2014
Shares in United Spirits Ltd fall 1 per cent after Credit Suisse downgraded the stock to "neutral" from "outperform", citing a lack of immediate triggers.
Monday May 12, 2014
Shares of United Spirits fell 2.4 per cent today after brokerage firm downgraded the stock to 'reduce' from 'buy', with target at Rs 2700/share.
Friday May 9, 2014
India's United Spirits Ltd said it had agreed to sell its Whyte & Mackay British whisky business to a unit of Philippine's Emperador Inc for an enterprise value of Rs 4,370 crore ($729 million).
Wednesday April 30, 2014
Diageo has offered Rs 3,030 a share, or Rs 114 billion ($1.9 billion) for the stake in the Bangalore based business 18 per cent more than United Spirits' closing price on 11 April. The offer will be launched in June.
Monday April 21, 2014
Last week's offer for shares it does not own in India's biggest liquor company is more than double a 2012 bid spurned by many investors as too low that forced Diageo to settle for a lower stake.
India | Agence France-Presse | Sunday April 20, 2014
Diageo hopes it will be second time lucky for its $1.9-billion offer to wrest majority control of India's United Spirits as the British booze giant seeks to ramp up its presence in the whisky-loving nation.
Tuesday April 15, 2014
Diageo intends to keep United Spirits listed in India even if its offer is successful. The new offer will be launched in June, the statement said.
Tuesday April 15, 2014
Diageo is seeking to acquire additional shares in United Spirits at Rs 3,030 a share, up from its Friday's closing price of Rs 2,557.25. The offer will be launched in June, said the statement.