Last week, a lender invoked 4.82 lakh pledged shares of United Breweries Holdings (UBHL) and 1.7 million pledged shares of Kingfisher Finvest, according to regulatory filings. They did not specify the lender's name. With the latest invocation of pledged shares, UBHL is now left with 2.98% stake and Kingfisher Finvest 1.14%.
The development came alongside the open offer by Diageo, which concluded on Thursday. The British firm, which currently holds 28.78% in USL, had offered to acquire an additional 26% from public shareholders of USL at R3,030 a share. Diageo is expected to announce the result of the offer next week.
The USL scrip closed at R2,592.30, down 3.47%, on the Bombay Stock Exchange on Monday.