MUMBAI - India's United Spirits plans to sell shares worth up to $200 million at 880 to 910 rupees each, two sources with knowledge of the deal said on Monday.
United Spirits would sell some of the shares that were not cancelled after merger of group firms with itself, said the sources, who declined to be named as they were not authorised to speak to the media.
The offer opened Monday evening and may be closed through blockdeals on Tuesday, the sources said.
Citigroup and CLSA are the arrangers for the deal, they said. (Reporting by Narayanan Somasundaram; Editing by Ranjit Gangadharan)