For Quick Alerts
For Daily Alerts

    United Spirits Sells its Stake in United Breweries to Heineken


    The Diageo-owned United Spirits exited United Breweries by selling its entire stake in the company to Heineken for Rs 827 crore.

    United Spirits sold its stake to Heineken International BV at a price consideration of Rs 1,030 per share.

    United Spirits Sells its Stake in United Breweries to Heineken
    United Spirits: Quotes, News
    BSE 550.30BSE Quote2.1 (-0.38%)
    NSE 549.75NSE Quote3 (-0.55%)
    United Breweries: Quotes, News
    BSE 1420.25BSE Quote5.95 (0.42%)
    NSE 1419.20NSE Quote0.85 (-0.06%)

    "The company has placed an order for sale by way of a block trade on NSE of 85 lakh equity shares held by the company in United Breweries (consulting 3.21 per cent stake) to Heineken International BV," the company said in the press release.

    USL further said, "The sale consideration net of brokerage is Rs 872 crore resulting in profit on this transaction."

    Following the sale the company will hold no shares in United Breweries and will cease to be a promoter of United Breweries, added further.

    Heineken International BV named as a promoter of United breweries limited as per the latest share holding pattern of United Breweries.

    Read more about: united spirits united breweries
    Story first published: Wednesday, July 8, 2015, 13:14 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more