Business Express

Johnnie Walker maker Diageo exploring options to delist in India: Report

Diageo Plc, the world’s premier spirits maker, is checking out solutions to delist its Indian arm, United Spirits Ltd, by acquiring out minority shareholders, CNBC Television-18 reported on Monday.

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, at present owns an about fifty six% stake in United Spirits soon after little by little making it up about quite a few years.

The company has started off talks with financial investment bankers and consultants on a delisting provide, the CNBC Television-18 report reported, citing resources acquainted with the make any difference.

“The management believes that the recent market disorders

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