Showing posts with label Diageo Plc. Show all posts
Showing posts with label Diageo Plc. Show all posts

SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL



SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL
New Delhi: worldwide fluid giant Diageo Plc has established market regulator SEBI's permission for an open offer to obtain extra 26 percent stake in United feelings Ltd for Rs 11,448.91 crore.

This is the subsequent open offer made by Diageo to gain best part manage in India's number one fluid hard.

As part of the contract to buy 53.4 percent wager in Vijay Mallya-led UB group's USL, Diageo has made a Rs 11,448.91 crore open offer for pay for of 26 percent wager in the company from non-promoter shareholders.

The open offer, which was complete last month, has been now empty by the Securities and Exchange Board of India, according to a public announcement.