<p>UK liquor company Diageo Plc on Tuesday bought more than 19 lakh shares of United Spirits (USL) for over Rs 472 crore.<br /><br /></p>.<p>Foreign fund house Morgan Stanley Asia (Singapore) Pte offloaded more than 39 lakh shares of USL worth Rs 943 crore through open market at an average price of Rs 2,406.51.<br /><br />According to the information available with the bourses, Relay BV, a wholly—owned subsidiary of Diageo - purchased 19,67,940 USL shares. The shares were acquired at Rs 2,400 apiece, valuing the transaction at Rs 472.31 crore.<br /><br />On November 8, Diageo had announced that it may not be able to fully-acquire the proposed 27.40 per cent stake in USL by the deadline of November 11. <br /><br />It could purchase only 25.02 per cent stake in USL since the remaining 2.38 per cent shareholding was pledged by the Vijay Mallya company.</p>
<p>UK liquor company Diageo Plc on Tuesday bought more than 19 lakh shares of United Spirits (USL) for over Rs 472 crore.<br /><br /></p>.<p>Foreign fund house Morgan Stanley Asia (Singapore) Pte offloaded more than 39 lakh shares of USL worth Rs 943 crore through open market at an average price of Rs 2,406.51.<br /><br />According to the information available with the bourses, Relay BV, a wholly—owned subsidiary of Diageo - purchased 19,67,940 USL shares. The shares were acquired at Rs 2,400 apiece, valuing the transaction at Rs 472.31 crore.<br /><br />On November 8, Diageo had announced that it may not be able to fully-acquire the proposed 27.40 per cent stake in USL by the deadline of November 11. <br /><br />It could purchase only 25.02 per cent stake in USL since the remaining 2.38 per cent shareholding was pledged by the Vijay Mallya company.</p>