date:Dec 29, 2012
h an open offer to buy 26% of the enlarged share capital of United Spirits at a rate of INR1,440 ($26.4) per share.
Subsequently, the company had planned to launch an open offer that had to be cleared by a market regulator upon clarifying all the details.
According to SEBI, it received details last week and is awaiting reply from merchant banker for United Spirits' open offer.