India’s United Spirits, the world’s third largest spirits maker, has received term sheets from private equity firms Blackstone, KKR and Capital International interested in buying a stake worth $250-300 million in the company, the Economic Times said on Wednesday. The company’s talks with financial investors were proceeding along with other plans to raise cash and pay down a part of its debt, the report said citing people familiar with developments. The three private equity firms were doing a due diligence and a possible transaction with any of them would happen at a slight premium to the prevailing market price, some time soon, the paper said. The deal could see 10% of the firm changing hands, it added. United Spirits has a current market capitalisation of around $1.82 billion. […]