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Janaki Krishnan and Narayanan Somasundaram / Reuters 10:11 PM | October 13,2009
United Spirits has debt of Rs6,500 crore, which it took partly to fund the acquisition of scotch whisky maker Whyte and Mackay
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Andrew Cleary and Saikat Chatterjee / Bloomberg 12:27 AM | August 26,2009
Diageo said in an emailed statement that it was unable to resolve points of difference, mostly linked to valuation
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Reuters 07:15 PM | August 25,2009
The firm decided to stop discussions with Diageo after it sold shares worth almost $190 mn in late June, group chief financial officer Ravi Nedungadi said
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C.H. Unnikrishnan 11:41 PM | July 01,2009
A probe found that some senior ex-employees were involved in inflating sales
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AP 03:42 PM | July 01,2009
The job cuts, to be made over the next two years, will be partly offset by the creation of around 400 new jobs through the expansion
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Shereen Bhan / CNBC-TV18 12:49 AM | June 25,2009
The company has got offers from two of the world’s top five private equity firms to invest $200-300 million each
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Bloomberg 10:48 AM | May 20,2009
While these discussions continue, there is no certainty they will result in a transaction
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Reuters 01:31 PM | May 08,2009
Diageo, the world’s largest alcoholic drinks group, said in November it was considering a collaboration with United Spirits, the world’s No. 3 spirits maker by volume
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Reuters 11:42 AM | March 18,2009
Diageo’s Menezes said the premium US spirits market for products such as Smirnoff and Captain Morgan rum, selling at around $10-15 a bottle, was holding up well
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C.H. Unnikrishnan 03:31 PM | March 05,2009
The senior management change in Diageo’s India business comes at a time when the company is in talks to acquire at least 15% stake in Vijay Mallya’s United Spirits
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Reuters 02:25 PM | February 13,2009
Mallya said if Diageo wanted board representation then he would not stand in the way
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PTI 01:50 PM | January 27,2009
The group is open to selling up to 14.9% of a total of 17% of treasury stocks in USL to a strategic partner, said Mallya
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05:10 PM | November 13,2008
Market talk that Diageo may take a minority stake in United Spirits ; European companies have been wanting to increase their presence in India’s fast-growing drinks market
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Ajay Sukumaran 12:34 AM | October 30,2008
A Diageo spokesman declined to disclose details of the project, saying it would be premature to talk about it
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C.H. Unnikrishnan 12:15 AM | October 23,2008
The partnership could extend to Diageo acquiring an equity interest in United Spirits at a later stage
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