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Open offer for United Spirit's to begin on April 10

 Open offer for United Spirit's to begin on April 10
United Spirits: Quotes, News
BSE 604.80BSE Quote8.2 (1.36%)
NSE 603.25NSE Quote6.4 (1.06%)
The open offer by Diageo to buy a 26 per cent stake in United Spirits will commence on April 10, 2013 and end on April 23.

JM Financials one of the lead managers to the issue in a notice to the Bombay Stock Exchange said that the price for the tender offer to United Spirits shareholders will remain at Rs 1,440 a share.

Shares of United Spirits were trading at Rs 1771, down 2 per cent on the Bombay Stock Exchange at 12.30 pm IST.

It may be recalled that recently the Reserve Bank of India had approved the acquisition of United Spirits-Diageo deal. Earlier, the deal had had received the consent from the Competition Commission of India and SEBI.

Diageo is the world's leading premium drinks manufacturer.

Read more about: diiageo united spirits
Story first published: Friday, April 5, 2013, 12:37 [IST]
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