Diageo buys stake in United Spirits
Under the agreement, Diageo will buy a 27.4% stake in United Spirits for INR 1440 per share, amounting to a total consideration of 660 million pounds, and make a tender offer for the remaining 26%.
Diageo, a premium drinks business, said Friday that yesterday it launched and priced a $1,000 million, fixed rate long 5 year dollar denominated bond under its US Debt Issuance Programme.