Mumbai: Shares of United Spirits today rose by 4 per cent after global liquor major Diageo Plc received market regulator Sebi's clearance for an open offer to acquire 26 per cent stake from public shareholders of the UB group firm. Read full article HERE.
This also means that Diageo get there hands on Whyte & Mackay whiskies including their blended whiskies as well as the single malts Jura and Dalmore. This also means they get the charismatic, charming and extremely entertaining master blender Richard Paterson.
It also means Diageo become a large player in the huge Indian whisky market.