United Spirits falls after court annuls Diageo deal
Dec 23 2013
Karnataka High Court ordered the cancellation of the sale on Friday in response to a petition by creditors of United Breweries Holdings Ltd, which sold its stake in United Spirits to the British firm through a complicated share transaction.
United Breweries Holdings was trading up 1.6 percent at 12.02 pm, compared with a 0.4 percent gain in the broader Nifty.
United Spirits shares were down 2.9 percent at 12.01 pm.