......The Reserve Bank of India (RBI) cleared Diageo's 27.4% stake buy in USL more than a week ago following earlier clearances from Competition Commission of India and market regulator SEBI. Integrating a strong USL executive team, which manages a local business larger than Diageo's global volume, and managing a portfolio of mass brands in a regulated industry are key challenges in the $2.1-billion takeover deal. ........
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