Heineken buys UBL shares for Rs 275 cr

The shares were purchased,from Citicorp Finance (India) Ltd on an average price of Rs 772.9,valuing the transaction at Rs 275 crore.

Written by Press Trust Of India | Mumbai | Published: December 11, 2013 1:37 am

Dutch beer maker Heineken International BV,today picked up more than 35 lakh shares of Vijay Mallya-led United Breweries for an estimated Rs 275 crore.

According to the information available with the bourses,Heineken International acquired a total of 35,58,030 shares,amounting to 1.35 per cent stake,of United Breweries through open market route. The shares were purchased,from Citicorp Finance (India) Ltd on an average price of Rs 772.9,valuing the transaction at Rs 275 crore.

As of September quarter,Heineken held 4.27 lakh shares,equivalent to 0.16 per cent holding,in United Breweries,while Heineken UK Ltd,held 84.89 lakh scrips,amounting to 3.21 per cent stake,in the Indian firm. Heineken and UB Group inked a pact in 2008 and started selling the imported beer in India a year ago.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results