In a business deal that may provide Vijay Mallya a breather from troubles emanating from the grounded Kingfisher Airlines, British alcoholic drinks giant Diageo today announced that it will acquire 53.4 per cent stake in United Spirits for Rs.11,166.5 crore in a multi-structured deal. In a joint statement, the UK-based firm said it has entered into an agreement with United Breweries (Holdings) Limited and United Spirits Ltd (USL) to acquire 27.4 per cent stake in USL, the top liquor company in India at Rs.1,440 per share aggregating Rs.5,725.4 crore.
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