More details of the eventual acquisition will be disclosed on or before April 23rd. The announcement comes after Diageo Plc managed to finalize the purchase of a stake in United Spirits in July 2013. It took almost eight months to finalize the deal after it had been announced due to some legal difficulties and regulatory approval required. The Chief Financial Officer of Diageo – Deirdre Mahlan – revealed that the company offered United Spirits to keep its stock listed in India, if the deal is successfully closed. As reported by Bloomberg, the managing partner of global wealth management with Edelweiss Financial Services Ltd – Ambareesh Baliga commented on the Diageos bid: "The premium is decent, but it may not get an overwhelming response from the shareholders. Lenders who hold shares pledged by United Spirits founders may offer their stock."