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.

United Spirits Ltd.

http://en.wikipedia.org/wiki/United_Spirits_Limited

United Spirits Limited, abbreviated to USL, is an Indian alcoholic beverages company, and the world's second-largest spirits company in terms of volume. It is a subsidiary of the United Breweries Group, and headquartered at UB Tower in Bangalore, Karnataka. USL exports its products to over 37 countries.