United Spirits Ltd.

United Spirits is currently trading at Rs. 1060.00, up by 65.95 points or 6.63% from its previous closing of Rs. 994.05 on the BSE.

The scrip opened at Rs. 1005.00 and has touched a high and low of Rs. 1099.95 and Rs. 1005.00 respectively. So far 1459071 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1099.95 on 24-Sep-2012 and a 52 week low of Rs. 450.00 on 12-Jan-2012.

Last one week high and low of the scrip stood at Rs. 1099.95 and Rs. 909.00 respectively. The current market cap of the company is Rs. 13989.83 crore.

The promoters holding in the company stood at 27.78% while Institutions and Non-Institutions held 55.95% and 15.80% respectively.  

Diageo Plc, the world’s biggest distiller, is in advanced talks to buy a stake in billionaire Vijay Mallya’s United Spirits (USL), as mentioned in few media reports. However, the deal is expected to value USL around Rs 1,300 a share.

Further, as part of the deal, yet to be finalized, although Diageo may get the right to appoint a majority of United Spirits’s board members including the chairman Mallya, who owns 28 per cent of India’s second-largest maker of alcoholic beverages by market value, is expected to remain the shareholder. Meanwhile, the proceeds of funds raised through stake sale would be utilized for funding the needs of cash strapped Kingfisher Airlines, whose net loss more than doubled to Rs 2,328 crore in 2011-12, from Rs 1,027 crore in the previous year.