United Spirits, engaged in manufacturing of beverage alcohol, surged on Tuesday after Diageo plc, has made an open offer to acquire an additional stake in United Spirits at price of Rs 3,030 per offer price aggregating to total consideration of Rs 114.48 billion (offer size).
Shares of the company are trading at Rs 2,847.20, up Rs 290.2, or 11.35% at the Bombay Stock Exchange (BSE) on Tuesday at 11:47 a.m.
The scrip has touched an intra-day high of Rs 2,940.55 and low of Rs 2,812.70. The total volume of shares traded at the BSE is 200,812.
In the earlier session, the shares lost 1.11%, or Rs 28.65, at Rs 2,557. Currently, the stock is trading all time 52-week high, which is above 54.91% over the 52-week low of Rs 1,838.