UB sells 53.4 per cent to Diageo for $2 billion

November 09, 2012 16:18

Just in: Done deal -- Vijay Mallya sells a 53.4 per cent stake in United Spirits to the Diageo group for $2 billion. A joint announcement is to be made after the stock markets close today.

Hopefully all the dues of Kingfisher employees will be settled now.

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