SC's stand on Diageo-United Spirits deal a positive sign for other mergers: Altamount Capital

In an interview with ET Now, Prakash Diwan, Director, Altamount Capital Management shares his views on the Diageo-United Spirits deal. Excerpts:

ET Now: What is your view with the Supreme Court granting a status quo on the Diageo-United Spirits deal.

Prakash Diwan: This definitely was a favourable outcome that could have been possible within the realms of the subjudice matter. It is a positive sign that the Supreme Court has approved of an alliance like this. We can see other mergers being announced at decent valuations. My stand on United Spirits continues to be extremely positive given that Diageo will be able to pull it off.