The tender offer will be at a price of INR 3,030 per share, and totals INR 114,489,198,420.
Diageo has launched the tender offer through Relay BV, a wholly-owned indirect subsidiary of Diageo.
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Diageo enacts second stage of USL takeover
15 April, 2014
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Diageo has launched its planned offer to acquire a further 37,785,214 shares in United Spirits, which represents 26% of total shares, taking Diageo’s total share to 54.78%.
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Ben Branson
Ben Branson on the future of non-alc spirits
In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.
