Heineken buys 2.5 lakh United Breweries shares

Aug 22 2014, 09:57 IST
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Heineken International acquired 2.5 lakh shares, amounting to 0.9 per cent stake, of United Breweries. (Reuters) Heineken International acquired 2.5 lakh shares, amounting to 0.9 per cent stake, of United Breweries. (Reuters)
SummaryUnited Breweries, consolidated its holdings in the Vijay Mallya-led firm by picking up 2.5 lakh shares.

United Breweries' largest shareholder Heineken NV has further consolidated its holdings in the Vijay Mallya-led firm by picking up 2.5 lakh shares for a little over Rs 18 crore through open market route today.

According to the information available with bourses, Heineken International acquired 2.5 lakh shares, amounting to 0.9 per cent stake, of United Breweries.

The shares were purchased from Yes Bank at an average price of Rs 726 valuing the transaction at Rs 18.15 crore, as per the data.

Currently, Heineken is the largest shareholder of United Breweries with 38.76 per cent stake at the end of June quarter.

For the quarter ended June 30, 2014, United Breweries posted a net profit of Rs 128.84 crore as compared to Rs 120.96 crore in the same period last fiscal.

The company's total income increased to Rs 1,456.94 crore for the quarter ended June 30, 2014 from Rs 1,361.56 crore in the year-ago period.

Shares of United Breweries today closed at Rs 737.30 apiece on the BSE, up 0.40 per cent from previous close.

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