News: United Spirits Ltd (UNSP.NS)
17 Apr 2014
(The following statement was released by the rating agency) LONDON, April 15 (Fitch) Fitch Ratings has affirmed Diageo plc's (Diageo) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'A-' and Short-Term IDR at 'F2'. The Outlook on the Long-term IDR is Stable. Diageo's subsidiaries, Diageo Finance BV, Diageo Finance plc, Diageo Capital plc and Diageo Investment Corporation's senior unsecured ratings have also been affirmed at 'A-'/'F2'. The affirmation reflects Diageo's
MUMBAI/LONDON - Diageo, the world's biggest spirits maker, has launched a $1.9 billion bid to nearly double its stake in United Spirits Ltd, offering a rich price in the hope that India's increasingly wealthy consumers will drink more alcohol.
* Diageo offers to buy up to 26 pct more of United Spirits
Reuters Market Eye - The BSE Sensex is headed for a second consecutive session of falls as investors continue to take profits after record highs hit on Thursday.
MUMBAI - London-based Diageo Plc on Tuesday relaunched a bid to increase its stake in India's United Spirits Ltd , making a $1.9 billion bet on rising incomes in a country where consumption of alcohol remains relatively low.
* Indian shares are headed for a second consecutive session of falls as investors continue to take profits after record highs hit on Thursday. * Blue chips across a range of sectors led the way down, with Housing Development Finance Corp Ltd falling 3.2 percent, Hindalco Industries Ltd losing 2.5 percent and Tata Motors Ltd down 1.6 percent. * However, Infosys gains 3.4 percent after its January-March earnings beat estimates, although India's second largest software services exporter forecast s
MUMBAI - Shares in United Spirits gained more than 10 percent on Tuesday after Diageo Plc announced a tender offer to acquire up to an additional 26 percent stake in the Indian firm.
MUMBAI, April 15 - Global drinks firm Diageo Plc on Tuesday announced the launch of a tender offer to acquire up to 26 percent more in India's United Spirits Ltd in a deal valued at about $1.9 billion.
LONDON - United Spirits' Whyte & Mackay whisky unit has attracted interest from several drinks makers and private equity firms and is expected to fetch about 350 million pounds, according to sources familiar with the matter.