United Spirits' investors may get Diageo Open Offer
Sebi has given Diageo three weeks to respond to its “communication of findings“, report Reena Zachariah and Kala Vijayraghavan.
By ET Bureau | Updated:
MUMBAI: Diageo Plc may need to make an open offer to shareholders of United Spirits (USL) as India's stocks regulator views last year's $75-million exit settlement between embattled businessman Vijay Mallya and the world's biggest distiller as change in management control.
Sebi has given Diageo three weeks to respond to its “communication of findings“, report Reena Zachariah and Kala Vijayraghavan.
Sebi has given Diageo three weeks to respond to its “communication of findings“, report Reena Zachariah and Kala Vijayraghavan.
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