United Spirits opens 5 pc down on BSE
Liquor manufacturer United Spirits dipped nearly five per cent in the early morning trade on the Bombay Stock Exchange, a day after world's largest alcohol player Diageo's protracted efforts for a pie in Vijay Mallya's group firm failed.
By PTI |
MUMBAI: Liquor manufacturer United Spirits on Wednesday dipped nearly five per cent in the early morning trade on the Bombay Stock Exchange, a day after world's largest alcohol player Diageo's protracted efforts for a pie in Vijay Mallya's group firm failed.
Shares of United Spirits dipped 4.81 per cent to a low of Rs 885 on the BSE, while it slipped 5.19 per cent to Rs 881.05 on the National Stock Exchange.
Yesterday, the British firm's efforts to buy a 15 per cent stake in United Spirits Ltd came to an abrupt end. The two firms were in talks since early this year for the sale of USL's treasury stock created by amalgamation and demergers, which are not traded on exchanges.
The deal would have added global brands like Johnnie Walker Black Label and Smirnoff to the USL stable, which already has McDowell's No 1, Romanov, Royal Challenge and Black Dog in its portfolio.
Shares of United Spirits dipped 4.81 per cent to a low of Rs 885 on the BSE, while it slipped 5.19 per cent to Rs 881.05 on the National Stock Exchange.
Yesterday, the British firm's efforts to buy a 15 per cent stake in United Spirits Ltd came to an abrupt end. The two firms were in talks since early this year for the sale of USL's treasury stock created by amalgamation and demergers, which are not traded on exchanges.
The deal would have added global brands like Johnnie Walker Black Label and Smirnoff to the USL stable, which already has McDowell's No 1, Romanov, Royal Challenge and Black Dog in its portfolio.
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