World’s largest spirits maker Diageo Plc, which is in the process of acquiring majority stake in United Spirits (USL), has acquired over 19 lakh shares of the Vijay Mallya-led United Spirits. The company has acquired the said shares through its wholly--owned subsidiary Relay BV. The shares were acquired at Rs 2,400 apiece, valuing the transaction at Rs 472.31 crore.
Meanwhile, foreign fund house Morgan Stanley Asia (Singapore) Pte offloaded more than 39 lakh shares of United Spirits worth Rs 943 crore through open market at an average price of Rs 2,406.51.
Last year, Diageo had announced that it would pick up 53.4 per cent stake in USL in a multi-structured deal for a total of Rs 11,166.5 crore.
United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.
Meanwhile, foreign fund house Morgan Stanley Asia (Singapore) Pte offloaded more than 39 lakh shares of United Spirits worth Rs 943 crore through open market at an average price of Rs 2,406.51.
Last year, Diageo had announced that it would pick up 53.4 per cent stake in USL in a multi-structured deal for a total of Rs 11,166.5 crore.
United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.
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