1. General
  2. Others

  3. Others

Mallya plans for 10% preferential allotment to Diageo

India Infoline News Service | Mumbai | May 21, 2013 09:27 IST

According to reports, preferential allotment of 10% will happen before May 26, for which Diageo will be paying Rs 20.94bn.

Vijay Mallya is planning to make a 10% preferential allotment in his flagship company, United Spirits (USL), to the former, says media reports.

According to reports,  preferential allotment of 10% will happen before May 26, for which Diageo will be paying Rs 20.94bn.

Diageo’s move to acquire a further 17.4% stake for Rs 3,632 crore will depend on what the judge at the Karnataka high court (HC) will decide, after hearing winding-up petitions on UB Holdings, report said.

As part of the agreement between Diageo and Mallya in early November 2012, the former was to get 12.8% stake from UBH’s holdings in USL.

BSE 3,455 [42.15] ([1.21]%)
NSE 3,451.35 [46.55] ([1.33]%)

***Note: This is a BSE Chart


Read more on: Vijay  Mallya,  United  Spirits   
article
113110806698
Mallya plans for 10% preferential allotment to Diageo
Mallya plans for 10% preferential allotment to Diageo
According to reports, preferential allotment of 10% will happen before May 26, for which Diageo will be paying Rs 20.94bn.
http://www.indiainfoline.com/article/news-top-story/mallya-plans-for-10-preferential-allotment-to-diageo-113110806698_1.html
May 21, 2013 09:27 IST
http://content.indiainfoline.com/_media/iifl/img/article/old/full/1762694082_LS_vijaymallya2
Vijay Mallya, United Spirits
Others
$rawVideoFileUrl$
$videoPlayerUrl$

 
 
Reports

Another day, another high

India Infoline News Service / 09:04, Jan 22, 2015

The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.

News