Platinum sells 10L United Breweries shares

The shares were sold on an average price of Rs 131.95 valuing the deal to Rs 13.15 crore.

Written by Agencies | Mumbai | Published: October 12, 2012 2:14:40 am

Australia-based fund manager Platinum Investment Management Ltd today offloaded around 10 lakh shares of Vijay Mallya Group firm United Breweries Holding Ltd (UBHL) for Rs 13 crore.

According to bulk data available on stock exchanges,Platinum Investment Management Ltd,one of the shareholders of UBHL,sold 9.96 lakh shares of the company.

The shares were sold on an average price of Rs 131.95 valuing the deal to Rs 13.15 crore.

UBHL is the holding company of the UB Group.

Earlier this week,Platinum Investment Management had pared its stake in UBHL with the sale of 3.27 per cent holding in the company that lowered Australia-based fund manager stake to 5.87 per cent.

Prior to these share sell,Australia-based fund manager held 9.14 per cent stake in UB Group firm United Breweries Holding.

Platinum Investment Management held 72.13 lakh shares or 10.80 per cent stake in UBHL at the end of June quarter.

Shares of UBHL today rose by 2.5 per cent to settle at Rs 136 apiece on the BSE.

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