REFILE-MARKET EYE-United Spirits jumps on media report over Diageo talks

Thu Nov 8, 2012 2:02pm IST

Related Topics

Stocks

   

(Corrects syntax in fourth bullet point)
* Shares in India's United Spirits rose as much as 3.3
percent to its highest since Jan. 2011, after CNBC TV 18, a
local news channel, reported top officials at the Indian liquor
maker were expected to meet Diageo on Thursday to
continue discussing a potential stake sale, citing unidentified
sources.
* United Spirits has been in talks to sell a stake to the
world's biggest spirits group but the outcome has been in doubt
after Vijay Mallya, who controls the liquor company, told
Reuters on Oct. 27 he had not reached a deal with Diageo
. 
* United Spirits declined to comment when contacted by Reuters.
Diageo officials were not immediately reachable.
* United Spirits shares are known for their volatility, reacting
often to speculation over its talks with Diageo.
* United Spirits shares were up 2.6 percent as of 0552 GMT.

 (manoj.dharra@thomsonreuters.com/indulal.p@thomsonreuters.com)
FILED UNDER:

Economic Pulse

Reuters Showcase

Reaction to Budget

Reaction to Budget

India budget unlikely to impact credit rating - agencies  Full Article 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Documents Leaked

Documents Leaked

Indian Oil suspends official for leaking information - sources  Full Article 

Coal Auction

Coal Auction

India examines coal mine bids amid reports of discrepancies  Full Article 

Ola Buys Rival

Ola Buys Rival

Ola buys rival TaxiForSure for $200 million  Full Article 

Priority Sector

Priority Sector

RBI revises priority sector lending norms  Full Article 

Global Economy

Global Economy

Global stimulus swells as China eases, ECB to start soon on QE  Full Article 

Steel Industry

Steel Industry

Steelmakers hit by uncertainty over import duty hike   Full Article 

HP Buys Aruba

HP Buys Aruba

HP to buy Wi-Fi gear maker Aruba Networks for $2.7 billion  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage