Mallya seals $2-billion deal with Diageo

Last Updated: Fri, Nov 09, 2012 08:56 hrs
Diageo awaits Hermes mist to clear to spy Moet

It's official!

Vijay Mallya has sold his 'family silver'.

It is now confirmed that world's largest producer of spirits Diageo is set to acquire a 53.4% stake in United Spirits.

The deal is said to be worth more than $2 billion.

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