Friday, June 18, 2021
HomeUncategorizedUnited Spirits shares hit record high on Diageo open offer

United Spirits shares hit record high on Diageo open offer

Shares in United Spirits Ltd gained as much as 15 per cent to a record high of Rs. 2,940.80 after Diageo Plc announced a tender offer to acquire up to an additional 26 per cent stake in the Indian firm at Rs. 3,030 a share. The offer will be launched in June.

Diageo is seeking to acquire additional shares in United Spirits at Rs. 3,030 a share, up from its Friday’s closing price of Rs. 2,557.25. The offer will be launched in June, said the statement.

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