Shares of Vijay Mallya promoted UB Group companies are under pressure in opening trades after the liquor baron said that he is not sure of United Spirits-Diageo deal
“Liquor baron Vijay Mallya does not know whether a deal for UK drinks giant Diageo Plc to take a stake in his United Spirits Ltd will be struck or not, he said on Saturday,” the Reuters report suggests.
Among the individual stocks, United Breweries (Holdings) has tanked 10% to Rs 118 on the Bombay Stock Exchange. United Spirits has dipped 7% at Rs 1,118, while United Breweries is down by 5% at Rs 692.