Pursuits
United Spirits Jumps as Diageo Agrees to Buy Stake: Mumbai Mover
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United Spirits Ltd. surged by a record in Mumbai trading after Diageo Plc said it will buy a controlling stake in India’s largest distiller for $2.04 billion.
United Spirits climbed 35 percent to 1,832.95 rupees, the biggest gain since its listing in September 2001. The stock was the biggest gainer on the 10-member BSE India Fast Moving Consumer Goods Index.