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All India Combined Entrance Test (AICET) 2016

Monday, 7 July 2014

Review of WLCI on Mallya clearing Debts



Vijaya Mallya sold an additional 26% stake in United Spirits — to U.K. beverage giant Diageo for around $2 billion.
 
wlci

The British company now own 56% of India’s United Spirits, makers of the popular Royal Challenge whisky. Much of the sale to Diageo is due to Mallya’s debt for his failed Kingfisher Airlines.

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