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United Breweries Ltd. Company History and Annual Growth Details

United Breweries (UNITEDBREW) emerged out of demerger of the beer business from the erstwhile United Breweries, which was then renamed United Breweries Holdings. United Breweries has an association with brewing over the last five decades and commands a market share of over 50%.

2003

-Scottish & Newcastle (S&N) has appointed their representative Mr Neville Bain as nominee director

-Delisted the shares of the Company from New Delhi, Ahmedabad, Calcutta, Ludhiana, Chennai, Hyderabad and Cochin Stock Exchanges.

2004

-UB joins Reebok to market souvenirs and memorabilia

-UB in 4th place among world's biggest spirit marketer chart

-UB signs bottling agreements in Thailand, Lanka and Pakistan

-United Breweries Ltd has inked a manufacturing and distribution pact with Independent Liquor of New Zealand to take its flagship beer Kingfisher Premium Lager Down Under

2005

-UB acquires Chhabria's stake in Herbertsons

-UB acquires Shaw Wallace and has paid total of Rs 1,545 crore for it

-UB join hands with Punjab Govt

2006

-The United Breweries (UB) group, India's largest spirit and beer company, is planning to acquire a distillery abroad in its first major attempt to go global in the spirit business.

The group has already started talking to a few distilleries based in Europe, but the negotiation closest to fruition is with a distillery based in France. The acquisition could happen within a few months. The UB group said it is no longer interested in further domestic acquisitions. Immediately after the acquisition of its leading domestic rival Shaw Wallace, Vijay Mallya, chairman of the group, made it clear that he would not be interested in any more acquisitions in India because there are not many brands left here which would be in harmony with the existing portfolio of the group.

-Company has splits its Face value of Shares from Rs 10 to Re 1

2007

-The shareholders approved giving of corporate guarantee upto an amount of Rs 280 million in favor of YES Bank on behalf of Empee Breweries, a group company, with requisite majority.

-UB Group ended ties with New Zealand-based liquor company, Independent Liquor with which it had earlier planned to launch several ready-to-drink products in India. The group has decided to shift its focus from the ready-to-drink (RTDs) product segment. It is said that, one of the reasons to back out from the launch of RTDs could be that the group did not see much value in launching these products in the country.

-United Breweries Ltd has informed that the Board of Directors of the Company at its meeting held on September 28, 2007, has approved to raise funds not exceeding Rs 425 Crore by way of issue of Equity Shares to the existing Equity Shareholders of the Company on "Rights" Basis in such ratio and other terms to be decided by the Committee of Directors formed for this purpose. The Board has authorized the Committee to do all acts, deeds, matters and things that are required to be done in connection with the proposed "Rights" Issue subject to such statutory / other approvals as may be required in this regard.

2008

-The company has issued rights in the ratio of 1:9 at a premium of Rs.176/- Per Share.


2009

-United Breweries & Heineken Join Hands to Lead Indian Beer Market


2010

-United Breweries Limited (UBL) launched its Kingfisher Ultra beer- made from the finest malt and hops- in the national capital market.

-Mr. Stephan Gerlich has been appointed as an additional Director on the Board of the Company.

2011

-United Breweries Ltd declares increase in net sales by 37.88%.

-United Breweries announces successful placement of Treasury Stock.


2012

-United Brew - Kingfisher achieves the historic milestone of 100 million cases in FY.

-Vijay Mallya-led leading brewer United Breweries Ltd (UBL) has created a new designation of joint president in the company.

-Mr. Henricus Petrus van Zon has been nominated by Heineken as his replacement as Chief Financial Officer.

2013
- UBL - Kingfisher brand not pledged to any lender:
- UBL has informed that the Hon'ble High Court of Karnataka has approved the Scheme of Amalgamation between Scottish & Newcastle India Private Ltd. and United Breweries Ltd..
- UBL - Subsidiary of UB Group inks 1mn pound loan agreement with Heineken.

2014
- United Breweries Ltd - Acquisition of Brewery Assets located at Shahjahanpur, District Alwar, Rajasthan. The acquisition is subject to due diligence and securing necessary approvals.

2016
-United Breweries enters the Ready to Drink segment with Kingfisher Buzz

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