"After an eight-month, three-step investment process, Diageo, the world’s largest distiller, has declared itself “the major shareholder” in United Spirits, the company that controls nearly 60 per cent of India’s drinks market.
But is that quite fair? “Major” shareholder? With a 25.02 per cent stake, Diageo still falls well short of majority shareholding and that creates questions around control.
UK-based Diageo has replaced the maverick Indian business tycoon, Vijay Mallya, from his position as the largest shareholder in the business that was set up by his father."
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