You are here:HomeLive TVVideosWill Deal With Kingfisher Separately: Vijay Mallya On Diageo Deal

Will deal with Kingfisher separately: Vijay Mallya on Diageo deal

loading..

Diageo Plc, the world's biggest spirits maker, will acquire a controlling 53.4 stake in Vijay Mallya-promoted United Spirits for Rs. 11,166 crore (nearly $2 billion), the companies announced in a joint statement. "(I am) happy that the dream has come true…United Spirits will receive a large cash infusion. It will deleverage itself via the cash received and get Rs. 3,300 cr via the deal, and UB Holdings will get Rs. 2,400 crore via the deal, Mr Mallya told NDTV.


Social Sharing

Advertisement

Advertisement

Portfolio
 

Advertisement

Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2014. All rights reserved.