date:Sep 28, 2012
firm may be more confident of striking a deal this time as Mallya aims to raise fund for his ailing Kingfisher Airlines business. One stumbling block could be price, with Diageo reportedly willing to part 1,300 rupees a share short of Mallyas 1,600 a share valuation.
An offer of 1,300 rupees a share would value Mallyas 25% stake in United at around $793 million. The market value of Diageo is around $2.7 billion.