United Spirits sells 53% stake to Diageo

Comments 0
The two companies said in September that they were in talks about a possible deal. (Reuters) The two companies said in September that they were in talks about a possible deal. (Reuters)
SummaryUK-based Diageo will buy stake in Vijay-Mallya led United Spirits for Rs 11,166.5 cr.

The company, which is the world's largest spirits maker, sells various popular brands including Smirnoff Vodka and Johnnie Walker whiskey.

On the other hand, Bangalore headquartered USL's revenues stood at Rs 7,659.89 crore for the fiscal ended March 31, 2012. The company posted a net profit of Rs 342.79 crore during the fiscal.

USL is the India's top spirits maker and markets various liquor brands including Signature, Bagpiper, Antiquity, Royal Challenge, Signature in the country.

Mutual Funds Check for top funds

Stocks More on United Spirits Ltd

Company INFO More on United Spirits Ltd

Single Page Format
Ads by Google

More from FE editor's picks

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...