United Spirits shares soar 35%
The company will 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.
It further said it will launch a tender offer to acquire a further 26 per cent stake in USL at a price of Rs 1,440 per share.
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