Diageo enacts second stage of USL takeover

By Hamish Smith

Published: 15 April, 2014

Diageo has launched its planned offer to acquire a further 37,785,214 shares in United Spirits, which represents 26% of total shares, taking Diageo’s total share to 54.78%.

The tender offer will be at a price of INR 3,030 per share, and totals INR 114,489,198,420.

Diageo has launched the tender offer through Relay BV, a wholly-owned indirect subsidiary of Diageo.

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