United Spirits, Diageo talks fail
Investers dumped shares of United Spirits after reports that Diageo’s talks to buy stake in the alcohol maker have hit a roadblock as the
two sides have not been able to agree on details. Diageo, the world's largest alcoholic drinks group, said in November it was considering a collaboration with United Spirits. In February, United Spirits said it was willing to offer a stake of more than 15 percent and board representation to Diageo. At 11:20 am, shares of the company fell 6.91 per cent to Rs 665 on the BSE following the news