CCI wants Diageo, USL to rework ambiguous parts of deal

Jan 17 2013, 02:59 IST
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SummaryFollowing certain reservations expressed by the stock market regulator Securities and Exchange Board of India, the Competition Commission of India too has raised concerns about the structuring of the Rs 11,166-crore Diageo-United Spirits deal.

area of concern as the share price of USL had surged above Rs 1,440-level in the very next trading session after announcement of the deal on November 9. Later, the stock had surged to as high as near Rs 2,100 level and is currently trading at about Rs 1,826.

USL, the country's largest spirits company, is part of Vijay Mallya-led UB Group.

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