United Spirits stock surges 27% on Diageo deal

November 12, 2012 11:49

Meanwhile, shares of United Spirits today soared by over 27 per cent to 52-week high after the UK-based Diageo Plc said it will buy 53.4 per cent stake in the company for Rs 11,166.5 crore in a multi-structured deal.

The scrip of the Vijay Mallya-led company opened the day on a robust note and surged 27.23 per cent to Rs 1,730 -- to touch the year's high on the BSE, in an overall flat stock market. Similar was the trend at NSE, where the stock zoomed up by 27.15 per cent to a 52-week high of Rs 1,729.

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