New Delhi: Global liquor giant Diageo Plc has received market regulator Securities and Exchange Board of India’s clearance for an open offer to acquire additional 26 per cent stake in United Spirits Ltd for Rs 11,448.91 crore. This is the second open offer made by Diageo to gain majority control in India’s number one liquor firm. As part of the deal to buy 53.4 per cent stake in Vijay Mallya-led UB group’s USL, Diageo has made a Rs 11,448.91 crore open offer for purchase of 26 per cent stake in the company from non-promoter shareholders. The global liquor giant would pay Rs 3,030 per share of USL, which is more than double the price of Rs 1,440 per share it offered in the previous bid last year. The open offer is scheduled to start on June 11 and close on June 24.

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