Diageo reportedly offering Rs.1300 a share for 25% stake in Mallya’s United Spirits

The “will they”, “won’t they” suspense continues in this much reported deal.

Should Diageo’s offer of Rs.1300 a share be accepted by Mallya, it will make the deal worth $800 million.

Considering Kingfisher Airlines woes and further debts in his Spirits business, this time round, the mercurial Mallya might be easier to negotiate with.

We are watching this one with great interest.

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