For Quick Alerts
For Daily Alerts

    United Spirits high on Diageo deal reports

    United Spirits high on Diageo deal reports
    United Spirits: Quotes, News
    BSE 552.40BSE Quote1.85 (-0.33%)
    NSE 552.75NSE Quote3.3 (-0.60%)
    United Breweries: Quotes, News
    BSE 1414.30BSE Quote28.4 (-2.01%)
    NSE 1420.05NSE Quote22.45 (-1.58%)
    Vijay Mallya led United Spirits shares rose 6% to hit a 52-week high on reports of inked deal with Diageo for stake sale.

    Shares of the company was seen trading at Rs 1379, higher by 2.69% on BSE at 12.00 pm IST. It touched an intra-day high of Rs 1425.

    As per the reports, the information on deal will be announced today. According to market rumours, Diageo may pick up to 51% stake in United Spirits that could be valued between $1 and $2 billion.

    Earlier, the company had confirmed about the discussion of the deal with Diageo and said that "in respect of possible transactions for Diageo plc to acquire an interest in United Spirits Limited. However there is no certainty that these discussions will lead to a transaction".

    The other company shares of Mallya's UB Group rose along with United Spirits, with debt-laden Kingfisher Airlines up 3.4%, United Breweries rose 2.36% on BSE at 12.00 PM IST.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more