Latest Markets Business BEEPS Earnings Personal Finance

Diageo makes open offer to acquire 26 per cent stake in USL

NDTV Profit Desk

Diageo makes open offer to acquire 26 per cent stake in USL at Rs 3,030 per share. Diageo will own 54.7 per cent stake in USL if the open offer becomes successful.

Diageo makes open offer to acquire 26 per cent stake in USL at Rs 3,030 per share. Diageo will own 54.7 per cent stake in USL if the open offer becomes successful.

This open offer is at 18.4 per cent premium to Friday's closing price of Rs 2,557. This open offer is at 38 times USL's EBITDA on a consolidated basis. Total open offer size at Rs 11,450 crore.

The open offer is expected to close between June 11-June 24, 2014. JM Financial and HSBC are the bankers to the deal.

lock-gif
Register for Free
to continue reading
Sign Up with Google
OR
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Government Intervenes In Tata Group Board Strife

  • chevron-double-right Tata Group representatives will meet senior central ministers over the ongoing boardroom dispute, sources said
  • chevron-double-right Tata Group has split into two camps led by Noel Tata and Mehli Mistry, as per the sources
  • chevron-double-right The strife has intensified following a stormy meeting at Tata Trusts last month
More Beeps chevron-right

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Trump Says US Tariffs On Heavy Truck Imports To Begin Nov. 1
2
Army Integrates More AI Technologies To Improve Combat Capabilities
3
Oil Prices Rise In Relief Rally As OPEC+ Agrees Modest Production Hike
4
US Stocks Rise To Record As AMD Deal Powers AI Bets: Markets Wrap
5
Government Intervenes In Tata Group Board Strife
Google Badge