Diageo to acquire 53.4% stake in Mallya’s United Spirits: What experts say
Diageo plc will acquire a 27.4 per cent stake in United Spirits, the leading spirits company in India, for Rs. 5,725.4 crore, the companies jointly announced today. Once Diageo has acquired the stake, it will launch a mandatory open offer after which it will hold 53.4 per cent of the enlarged share capital of United Spirits at an aggregate cost of Rs. 11,166.5 crore. Here is what experts have to say on the deal:
