Mallya Seals Diageo Deal but Kingfisher Future Uncertain

Diageo has agreed to buy a majority stake in United Spirits Ltd, controlled by Vijay Mallya, for $2.1 billion, or Rs 11,000 crore, fuelling a push by the world’s biggest spirits group into fast-growing markets. However, the fate of his Kingfisher Airlines was not clear as Mallya chose to delink the United Spirits sale with…