Diageo, the world leader in spirits, plans to delist its Indian arm, United Spirits Ltd, by buying out minority shareholders. This is on the lines of what Vedanta is also planning with its India subsidiary. Currently, Diageo owns 56% stake in United Spirits after it bought out Vijay Mallya’s stake in the company. Like in the case of Vedanta, Diageo also believes that the current market conditions are not able to give a proper reflection of the value of United Breweries. Also the market volatility was unnerving as the government policy on the industry has been quite wavering. Diageo is listed on the London Stock exchange.