Slaughter and May has landed the advisory mandate as British drinks giant Diageo prepares to up its stake in India’s United Spirits by a further 26%, in a deal worth £1.13bn.

Slaughters corporate and commercial partner Simon Nicholls is leading the team advising Diageo, alongside Indian law counsel Platinum Partners, which is fielding a team led by partners Nihar Mody and Yash Mohanram.