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United Spirits Ltd To Sell Stake In Pioneer Distilleries To Diageo plc-Business Standard

Friday, 19 Oct 2012 09:46am EDT 

Business Standard reported that United Spirits Ltd, which is in talks to sell a stake to UK giant Diageo Plc , said that it will sell 935,982 shares in Pioneer Distillers, a stake that on October 19, 2012, price would be worth INR45.49 million. Both companies are controlled by Vijay Mallya, to try to raise funds for his embattled Kingfisher Airlines , which has been grounded since the start of the month. 

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