Mallya seals $2-billion deal with Diageo

Last Updated: Fri, Nov 09, 2012 08:56 hrs

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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