United Spirits Ltd.

Diageo Plc is expected to launch its over Rs 5,441 crore open offer in January next year to acquire 26 per cent stake in Vijay Mallya-led United Spirits. This open offer is a part of multi-structured deal, in which UK-based firm agreed to buy a 53.4 percent stake in Indian liquor baron Vijay Mallya's United Spirits for Rs 11,166.5 crore. 

As per the open offer, Diageo will acquire up to 37,785,214 equity shares of face value of Rs 10 each at an offer price of Rs 1,440 per share, aggregating to sum of Rs 5,441 crore. At present, USL has a debt of about Rs 8,300 crore. The money from stake sale will primarily be used to reduce debt.