London, July 26: Indian-born Lord Karan Billimoria is likely to give away a 30 percent stake of his world famous Cobra Beer to Diageo, the world’s biggest alcoholic drinks company and owner of Guinness and Johnnie Walker whisky.

According to the Financial Times, the private Indian-themed lager company has put a price tag of between 25 million to 30 million pounds for the said stake.

Cobra has also held talks with other financial and strategic buyers. (ANI)