United Spirits shares jump on Diageo hope
Agencies: Oct 09 2012, 14:54 IST
United Spirits gained 6.6 per cent on rising hopes the Indian spirits maker controlled by billionaire Vijay Mallya will clinch a deal to sell a stake to Diageo Plc.
A report suggested Mallya and rival liquor tycoon Kishore Rajaram Chhabria have arrived at a truce in their long-standing legal dispute over ownership of whiskey brand Officer's Choice, was seen facilitating a potential deal with Diageo.
Calls made by Reuters to United Spirits officials were unanswered while Chhabria could not be contacted immediately.
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