Global developments to keep USL in focus

Shares of United Spirits (USL) will remain in focus at the bourses, as Brazilian billionaire Jorge Paulo Lemann and his partners in private equity firm 3G Capital are reported to be considering a potential bid for Diageo Plc. If the reports turn out to be true, the new promoters will have to come out with an open offer for USL. Diageo Plc in 2014 had bought 26 per cent in USL for ₹11,420 crore, raising its stake in the liquor major to 54.78 per cent.