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REFILE-MARKET EYE-United Spirits jumps on media report over Diageo talks
November 8, 2012 / 5:57 AM / in 5 years

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

(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)

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