Diageo Plc of the UK is planning to acquire 51% stake in Vijay Mallya-promoted United Spirits Ltd (USL) this week, according to reports.
Reports stated that Under the takeover code, any entity buying a 25% stake in a company is required to make an open offer.
The deal size is likely to be about $2 bn (around Rs.108.20bn), says reports.
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.