United Breweries Q3 net down

The firm8217;s net sales for the quarter under review increased by 57.64 per cent to Rs 961.06 crore,as against Rs 609.62 crore,it added.

During the quarter under review the firm completed mergers of United Millennium Breweries Ltd UMBL,Millennium Beer Industries Ltd MBIL,UB Nizam Breweries Pvt Ltd UBN and Chennai Breweries Pvt Ltd CBPL with UBL,it said.

In a separate filing the company said it will merge Scottish amp; Newcastle India Pvt Ltd SNPIL into itself.

As consideration for amalgamation,over 84.89 lakh fully paid equity shares of UBL of Re 1 will be issued for over 3.22 crore fully paid equity shares of SNIPL of Rs 10 each,UBL said in a filing to the BSE.

United Breweries8217; scrips closed at Rs 455.55 per share,up 0.14 per cent from the previous close on the BSE.