who is the owner of united spirits limited
United Spirits On 27 May 2013, Diageo acquired a 10% stake in United Spirits at a cost of ₹20,927,196,000 (US$310 million). It also separately acquired an additional 58,668 shares for ₹ 85,778,082.[11] On 4 July 2013, Diageo bought an additional 14.98% of the company for ₹31.35 billion (US$470 million). Diageo acquired an additional 21.77 million shares at a cost of ₹1,440 (US$21) per share in an off-market-deal from United Spirits' promoters, raising its holdings to 25.02 per cent of the company.[12][13] Following that purchase, Diageo held 36.3 million shares in USL, acquired at a cost of ₹52,358.5 million (US$780 million),[14] making it the largest shareholder.[15] Under pressure from Diageo, some substantial changes to the management structure of the firm began to take place in 2013.[16]
Distilled beverage The term "spirit" in reference to alcohol stems from Middle Eastern alchemy. These alchemists were more concerned with medical elixirs than with transmuting lead into gold. The vapor given off and collected during an alchemical process (as with distillation of alcohol) was called a spirit of the original material.