LIVE MARKET TRACKER :   BSE SENSEX   29182.95      |    NSE NIFTY 8808.90    
GLOBAL MARKETS :  NASDAQ 4635.24   -1.03%    |    FSI London 6749.40   -0.90%    |    NIKKEI Japan 17674.391   +0.39%
  USD GBP EUR CAD AUD INR
USD - 0.664 0.8867 1.2732 1.2889 62.169
GBP 1.5072 - 1.3364 1.919 1.9426 93.7011
EUR 1.1292 0.7498 - 1.4377 1.4554 70.2012
CAD 0.7857 0.5217 0.6967 - 1.0127 48.8481
AUD 0.7774 0.5162 0.6893 0.9898 - 48.3289
INR 0.0161 0.0107 0.0143 0.0205 0.0208 -
Indian-Commodity  :  Equity & Shares  :  United Spirits scales new high as street cheers Diageo deal

United Spirits scales new high as street cheers Diageo deal (12-Nov-2012)

United Spirits is currently trading at Rs 1600.00, up by 240.30 points or 17.67% from its previous closing of Rs 1359.70 on the BSE.

The scrip opened at Rs 1400.00 and has touched a 52 week high of Rs 1619.00 and low of Rs 1375.55 respectively. So far 1297435 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1619.00 on 12-Nov-2012 and a 52 week low of Rs 450.00 on 12-Jan-2012.

Last one week high and low of the scrip stood at Rs 1619.00 and Rs 1152.05 respectively. The current market cap of the company is Rs 20984 crore.

The promoters holding in the company stood at 27.78% while Institutions and Non-Institutions held 51.12% and 20.76% respectively.

World's biggest spirits maker Diageo Plc has agreed to buy a 53.4 percent stake in Indian liquor baron Vijay Mallya's United Spirits for Rs 11,166.5 crore in a multi-structured deal, which may provide Vijay Mallya a breather from problems emanating from the grounded Kingfisher Airlines. The purchase would be the biggest inbound Indian M&A deal since British oil firm Cairn Energy Plc's sold a majority stake in its Indian business to Vedanta Resources Plc last year.

UK-based firm has entered into an agreement with United Breweries (Holdings) and United Spirits (USL) to acquire 27.4 per cent stake in USL, the top liquor company in India at Rs 1,440 per share aggregating Rs 5,725.4 crore.

The deal which is divided into parts would first see Diageo purchasing 19.3 per cent stake in USL from the UBHL group, the USL Benefit Trust, Palmer Investment Group and UB Sports Management (two subsidiaries of USL) and SWEW Benefit Company (a company established for the benefit of certain USL employees). In the second part, the company would then seek approval from USL shareholders for a preferential allotment to Diageo at a price of Rs 1,440 per share of new shares amounting to 10 per cent of the post-issue enlarged share capital of USL.

Further, Diageo will launch a tender offer to acquire a further 26 per cent stake in USL at a price of Rs 1,440 per share, thereby completing the acquisition of 53.4 percent stake.


Top News Today
Bharti Airtel, Tata Motors and Adani Enterprises to see some action today
(30-Jan-2015)

Bharti Airtel, Tata Motors and Adani Enterprises to see some action todayBharti Airtel in partnership with Cisco has launched managed Room Telepresence service as part of its enterprise services. Enterprises in the country especially the small and mid-sized organizations will......click on news to read complete article.

Government working to make India's services sector more competitive
(28-Jan-2015)

Government working to make IndiaThe government is working to make India's services sector more competitive and is planning to bring in reform measures in areas like legal and healthcare and will soon finalise a Cabinet note on that.......click on news to read complete article.

ONGC, Wipro, NMDC and L&T to see some action today
(27-Jan-2015)

ONGC, Wipro, NMDC and L&T to see some action todayOil and Natural Gas Corporation (ONGC) is in the process of investing Rs 22,500 crore in redevelopment projects, to add capacity of 16.7 million tonnes of oil and 56 billion cubic metres of gas. The first......click on news to read complete article.

International Stock News
US markets closed lower on disappointing data
(31-Jan-2015)

US markets closed lower on disappointing dataThe US markets closed lower on Friday, as investors grappled with downbeat gross domestic product data, less-than-stellar earnings that overshadowed a bounce in crude-oil futures. On the economic front,......click on news to read complete article.

US markets gain on encouraging jobless data claims
(30-Jan-2015)

US markets gain on encouraging jobless data claimsThe US markets closed higher on Thursday, with solid broad-based gains as market reacted to a stronger-than-expected jobless claims figure. On the economy front, the number of people who sought new US......click on news to read complete article.

US markets slip on Fed's latest policy statement
(29-Jan-2015)

US markets slip on FedThe US markets closed choppy trading session sharply lower on Wednesday, after the Federal Reserve's policy-making committee reiterated it plans to remain patient and watch the data as it decides when......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.