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SREI Infrastructure Finance Ltd To Sell United Spirits Ltd Shares To Diageo PLC-Business Standard


Friday, 8 Feb 2013 02:10pm EST 

Business Standard reported that SREI Infrastructure Finance Ltd plans to sell shares of United Spirits Ltd it got as collateral for lending to Kingfisher Airlines to Diageo PLC. Diageo on November 9, 2012 said it will buy a controlling stake in United Spirits for $2.04 billion. The maker of Johnny Walker whiskey said it will acquire 27.4% of the distiller at INR1,440 a share and will make a tender offer for 26% of the balance. 

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