Mallya bids for Foster's beer units

Continuing its global acquisition drive to become the numero uno liquor player, Vijay Mallya's United Breweries is believed to have made a bid for a part of Australian giant Foster's presumably valued at $234 million.

According to sources, Mallya has bid for Foster's beer units in India and Vietnam, which is estimated to be valued at $234 million.

"Mallya has made a bid for the beer units of Foster's in India and Vietnam," sources in the know of the development said.