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UB & Diageo heads to meet this week

According to the Indian Daily – The Hindu Vijay Mallya’s UB Group is in final stages of talks for selling up to 14.9 per cent stake in group company United Spirits Ltd (USL) to Diageo, the global drinks leader.

Mallya and his senior team comprising UB Group CFO Ravi Nedungadi, USL President and Managing Director Vijay Rekhi and USL CFO P A Murali will be meeting Diageo counterparts on Wednesday at New York for the stake sale.

“The deal is inching towards finalisation,” a source said but the official spokesperson declined to comment.

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Thursday, September 21, 1:34 am

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