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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

BACK IN JAIL

REUTERS SHOWCASE

Modi Hurdle

Modi Hurdle

Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle.  Full Article 

USL Board

USL Board

Diageo bars United Breweries from appointing independent director at United Spirits.  Full Article 

Amazon in India

Amazon in India

Amazon to sell packaged food and beverages in India - Economic Times.  Full Article 

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Reuters India Mobile

Reuters India Mobile

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