date:Nov 08, 2012
Britains Diageo, which also owns Turkeys largest distiller Mey ?ki, is set to pick up a 51 percent stake in Indian liquor baron Vijay Mallyas United Spirits this week in a transaction worth around $2 billion, a newspaper reported yesterday.
The deal would involve the direct purchase of a portion of Mallyas holding, the issue of fresh shares and an open offer to buy stock from public shareholders, Indias Mint business daily said.
The report sent shares of United Spirits up 3.09 percent to 1,25