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Diageo’s open offer for United Spirits to start on April 10

April 06, 2013 01:22 am | Updated 01:22 am IST - NEW DELHI:

PTI

U.K.-based Diageo plc will kick off its over Rs.5,441 crore open offer to acquire an additional 26 per cent in United Spirits from April 10. The offer will close on April 26.

In a filing to the BSE, United Spirits said the manager to the open offer, JM Financial Institutional Securities Pvt. Ltd., has said that the offer price shall remain at Rs.1,440 per share.

The offer price would be paid together with interest at 10 per cent per annum on the offer price from March 19, 2013, till the date of actual payment, it added.

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