However, even after finalising the multi-pronged cross-border Rs 11,165-crore deal in November 2012, Diageo's wait for acquiring a decent stake in India's leading whisky maker, United Spirits, seems to be getting longer and longer.
Coffee Day Group, which runs businesses from coffee cafes to wealth management to furniture to logistics, is understood to be readying the stage for a possible $100-million fund raise through the private equity route.
The company, started by three BITS Pilani graduates in 2005, could be planning to aggressively scale up its business to tap the untapped potential that the bus-booking service offers in India.
For the first nine months of the current financial year, net sales rose by close to 37 per cent to Rs 1,470 crore (Rs 14.7 billion( over the previous corresponding period, while operating profit increased by another 37 per cent to Rs 322 crore (Rs 3.22 billion).
UB City is the biggest commercial property in Bengaluru.
The focus will be on moving United Spirits consumers up the value chain.
Started by an IIM-B graduate - Musthafa P C, during early 2005, Best foods Enterprises manufactures and markets the ID Special food products.
Interview with Joint President & CFO, United Spirits Limited.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
The Indian partner will be one among the the seven highly specialised global coffee roasteries of the coffee giant.
Sources say Diageo is pushing for a management control of United Spirits; and this has led Mallya to rethink on the offer.
Vijay Mallya has been contending he is the rightful owner of Officer's Choice whisky and not Kishore Chhabria
Mallya has been contending that he is the rightful owner of 'Officers Choice' and not Chhabria who currently owns it under his company Allied Blenders and Distillers.
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
With a Score of 95 on 100, Wipro is one of seven IT companies from across the world to find a place in the listing.
To start with, Caffe Bristot will be launching its complete range of coffee beans and cafe branding for Indian cafes.
While announcing its results on Wednesday for the quarter ended June, UB Holdings said about a tenth of the corporate guarantees for Kingfisher Airlines were being invoked.
Aeon Co is a diversified conglomerate and operates in various retail segments ranging from supermarkets, convenience stores, department stores, small supermarkets, discount stores and drug stores, besides financial services.
The company, which logged 19 per cent growth in top line at Rs 5,400 crore (Rs 54 billion), derives around Rs 250 crore (Rs 2.5 billion) from global operations and is looking at all vectors to expand its presence overseas.
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