date:Dec 29, 2012
The Securities and Exchange Board of India (SEBI), a regulator for the securities market in India, has sought additional transactional details from Diageo over its open offer to buy 26% stake in United Spirits for INR54.41bn ($0.99bn).
On 9 November 2012, Diageo signed a deal to purchase 53.4% stake in United Spirits for nearly INR111.67bn ($2.03bn) under two transactions. First, it planned to purchase 27.4% stake in United Spirits for 660m at a rate of INR1,440 ($26.4) per share and then launc