United Spirits hits high on Diageo talks

The shares of the company surged 10.36% to Rs 1097 on BSE at 1.00 pm IST. It touched intra-day high of Rs 1,099.
According to media reports, the deal is expected to be announced next month. If the deal is finalised, it would see fresh cash flows into the company and ease cash constraints, particularly as group company, King Fisher Airlines is almost bankrupt.
The company's Annual General Meet (AGM) is to be held on September 25, 2012.
Earlier there were reports that "Diageo may pay Rs. 3,000 crore for up to 27% stake in United Spirits.
However, these reports were denied by United Spirits stating that "the news item forwarded contains speculative information and it would not be appropriate for us to comment on market rumours."
GoodReturns.in
More From GoodReturns

Gold & Silver Rates Today Live: Precious Metals Extend Rally, MCX Gold Up 4%, Silver Near Rs 2.36 Lakh

Gold Rates In India Today Jumps, But Silver Rates Crash On March 27; 24 Carat, 22 Carat, 18 Carat Gold Prices

Gas Cylinder Connection To Be Removed After 90-Days: Why LPG Users Should Choose PNG? Which Is Better?

Gold Price In India Rally Post Rs 1.1 Lakh/100 Gm Crash In Week, Silver Stable; 24K, 22K, 18K Rate On March 26

Lockdown In India 2026: Why Is 'India Lockdown Again' Trending After PM Modi's Latest Speech On West Asia War?

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold Rates In India Today March 25 Shoots Up By Rs 37,600, Silver Rates Jump Too; 24K, 22K, 18K Gold Prices

Bank Holidays: Banks To Be Closed On March 26, March 27, March 28 & March 29; Ram Navami To Fourth Saturday

Gas Cylinder Booking Rules Of 25-Days & 45-Days: When To Refill LPG Of 14.2 Kg, 19Kg, 10Kg & 5Kg Cylinders?

New Income Tax Act 2026: Full List Deductions And Exemptions Under The New Tax Regime From April 1



Click it and Unblock the Notifications
