ICICI Bank buys UBL shares

By: | Published: January 7, 2016 1:16 AM

ICICI Bank on Wednesday bought 19.58 lakh shares of United Breweries from United Breweries Holdings (UBHL) through a block deal on the NSE, reports fe Bureau in Mumbai.

ICICI Bank on Wednesday bought 19.58 lakh shares of United Breweries from United Breweries Holdings (UBHL) through a block deal on the NSE, reports fe Bureau in Mumbai. These shares, representing a 0.74% stake in the alcohol beverage company, were bought at R950.10 per share, valuing the deal at R186.02 crore. Sources said this is the only fund-raising avenue for UBHL after being tagged as a wilful defaulter by its lenders.

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