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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Diageo enacts second stage of USL takeover
15 April, 2014
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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%.
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Ben Branson
Ben Branson: Why non-alcoholic pricing is right
The pricing structure of non-alcoholic spirits has a high level of elasticity - there’s already a broad spectrum of price points which consumers are trying to navigate.
