Shares in United Spirits surged 15 per cent to cross the Rs 1,500 mark on Monday. The sharp gains came after Diageo announced a deal to buy a majority stake in the Vijay Mallya controlled spirits maker on Friday. Diageo will pay for $2.1 billion for 53.4
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MUMBAI (Reuters) - Diageo Plc <DGE.L> said on Friday it has agreed to buy a 53.4 percent stake in United Spirits <UNSP.NS> for 111.67 billion rupees.It will buy a 27.4 percent stake in United