Antitrust Body Likely to Clear Diageo-USL Deal

The Competition Commission of India will likely clear the majority stake acquisition by Diageo Plc in Vijay Mallya’s United Spirits Ltd, after representatives of the companies met government officials last week. The approval by India’s fair-trade watchdog is the final regulatory clearance required by the companies to close the $2 billion deal following the conditional approval given by the markets regulator last week. (Live Mint)