The consideration was INR 1,440 per share and the total consideration of INR 31,345,558,560 has been settled.
“USL’s strong market-leading position combined with Diageo’s strength and capabilities opens an exciting and important new chapter for Diageo in the attractive Indian spirits market,” said Ivan Menezes, Diageo chief executive. “Since we received approval for this transaction, we have been getting ready for closing and integration. Having completed the share purchase, we will now begin the work to identify and capture the significant growth opportunities within this attractive market.”
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