Sunday April 20, 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.
Tuesday April 1, 2014
National Stock Exchange (NSE) has given its approval to Vijay Mallya-led United Spirits' proposal for transfer of its distillery in Tamil Nadu to Enrica Enterprises, an unlisted firm.
Friday March 28, 2014
Inclusion in the benchmark Nifty will lead to more visibility for these two companies. Foreign institutional investors, who are the biggest drivers in Indian share markets, put money into mostly index stocks. The trading volumes in Tech Mahindra and ...
Wednesday March 12, 2014
United Spirits' Whyte & Mackay whisky unit has attracted interest from several drinks makers and private equity firms and is expected to fetch about 350 million pounds (Rs 3558 crore w.r.t. 1 pound = 101.67 rupees) , according to sources familiar wit...
Friday February 28, 2014
Software company Tech Mahindra and liquor maker United Spirits, which is partially owned by Diageo PLC, would be included in Nifty from March 28, the National Stock Exchange (NSE) said.
Wednesday February 12, 2014
United Spirits has hired banks to help in the sale of its Whyte & Mackay Scotch whisky business, which could fetch 450 million pounds and is expected to kick off next week, sources told Reuters.
Monday February 10, 2014
In December, a regional Indian court ordered the annulment of the sale in response to a petition by creditors of United Breweries Holdings Ltd, which sold its stake in United Spirits to Diageo through a complicated share transaction.
Friday February 7, 2014
As the Office of Fair Trading (OFT), fair trade watchdog of the UK, continues to probe Diageo's purchase of controlling rights in United Spirits from India's UB group, the regulator on Thursday released a 53-page report detailing concerns posed by th...
Monday February 3, 2014
Diageo completed its takeover of United Spirits in July, almost eight months after the companies announced the deal because of legal and regulatory difficulties.
Friday January 31, 2014
UK-based global liquor giant Diageo on Friday acquired an additional 2.40 per cent stake in Vijay Mallya-led UB Group's United Spirits for an estimated Rs 866 crore through open market route.
Monday January 20, 2014
Vijay Mallya-promoted United Breweries Holding Ltd (UBHL) had sold nearly 10 million shares, or 6.9 per cent of USL, to Diageo in July last year. This sale was part of a bigger deal in which Diageo was to buy a 53.4 per cent stake in United Spirits f...
Thursday January 9, 2014
Up against a regulatory hurdle in the UK over the $2-billion takeover by global liquor giant Diageo, United Spirits' board has approved a plan to sell Whyte & Mackay Ltd (W&M), an indirect wholly-owned subsidiary of the company.
Wednesday January 1, 2014
Bombay Stock Exchange (BSE) has revised the circuit limits for share movement of Vijay Mallya-led United Breweries (Holdings) Ltd and six other companies.
Friday December 27, 2013
Post-deal, Enrica would make certain IMFS brands of United Spirits using technology and know-how and under the trademark of the Vijay Mallya firm.
Monday December 23, 2013
Karnataka High Court ordered the cancellation of the sale on Friday in response to a petition by creditors of United Breweries Holdings (UBHL), which sold its stake in United Spirits to the British firm through a complicated share transaction.
Friday December 20, 2013
United Spirits Ltd and Diageo have said they would take steps to protect their interests after the Karnataka High Court declared as "null and void" the sale of shares of the Indian firm by its holding company to the UK-based giant.
Friday November 29, 2013
Former Whyte & Mackay chief executive Vivian Imerman on Friday expressed interest in buying back the company from Diageo, if the latter were to sell it, according to a report.