United Spirits rallies 35%, closed @ Rs1834.60 today, Diageo to acquire 53.4 % in United Spirits for Rs11,165 crore

United Spirits rallies 35%, closed @ Rs1834.60 today, Diageo to acquire 53.4 % in United Spirits for Rs11,165 crore

Volume:- 5,828,758
Prev close:- 1,359.70
Day's H/L (Rs.):- 1,877.15 - 1,375.55
52wk H/L (Rs.):- 1,425.00 - 450.00
Mkt Cap (Rs. Cr):- 23,996.57

After Vijay Mallya sold stake in the company to UK-based Diageo the stock price of the United Spirits had shown a tremendous increase it closed on Rs 1834 today with a 34.93% increase. The total volume of the United Spirits Ltd. went upto 5,828,758. Yesterday the Stock closed @ Rs1,359.70. However the overall market remained in a narrow range on Diwali day.  

Diageo Plc which is accredited as the world's largest spirit maker has agreed to acquire a majority stake in United Spirits Ltd for $2.1 billion (Rs 11,166.5 crore) but many experts worry that proceeds from the stake sale will not be enough to allow Vijay Mallya to resolve the cash crisis of his Airline company.