Kingfisher-Diageo deal priced in, raises hope for KFA: Deven Choksey, KR Choksey Securities

"I do not know how market would react to this particular deal but certainly, the deal as and when it happens would raise the hope for Kingfisher," says Deven Choksey, MD, KR Choksey Securities. Excerpts from a chat with ET Now:

ET Now: Firstly I want to talk about news flow around United Spirits and does it seem like it is all in the price and the deal is going to happen this very week itself?

Deven Choksey: It is much expected deal that one is talking about and as you rightly said, it is mostly priced in. So probably I do not know how much market would probably give thumbs up to this particular deal hereafter but certainly, the deal as and when it happens would raise the hope for Kingfisher at some point of time and that is where most of the bankers and the people who are stuck with Kingfisher would be looking at very keenly. So certainly, we would look at this particular deal with a kind of bailout for Kingfisher more than anything else.