date:Sep 28, 2012
UK drinks firm Diageo has entered discussions to buy a stake in Indian spirits firm United from Indian billionaire Vijay Mallya.
Diageo, the worlds largest spirits group, has made no secret of its ambition to increase its market share in the worlds largest whisky market by volume.
The Scottish firm will reportedly attempt to initially buy a 15% stake from Mallya (who owns around 28% of the company) before targeting a further 10% from shareholders. A 25% stake for Diageo would dislodge Mallya a