Vijay Mallya’s decision to sell his family silver bodes well for the company that we are talking about. I expect a big re-rating for United Spirits now that Diageo PLC has bought a 27.4% stake in it. The deal is a win-win for the buyer (Diageo), the seller United Breweries Holdings (UBHL) and the minority shareholders.
My Best Pick 2013
Game for more
United Spirits’ stock is up 300%, but Diageo’s entry is just the beginning of good times for the spirits major
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