Latest News
-
Bank of Baroda Scandal: Finance Ministry Mulls Stricter Measures To Combat Cyber Fraud; Report -
India Adopts Cautious Approach Amid Iran-Israel Conflict -
Fly For As Low As Rs 150 On Regional Connectivity Scheme Routes? -
Trade Setup: Global Tensions, Domestic Uncertainty Weigh On Market; Sensex & Nifty Likely To Plummet -
Stocks To Watch: M&M, HAL, ZEEL, TCS, Thermax, Bharti Airtel, Cipla & More -
Government Raises Windfall Tax On Petroleum Crude By 41% Effective April 16 -
Trade Call: 2 Buy/Sell Stock Picks By Sumeet Bagadia On Tuesday, 16th April -
Stock Market Live Updates: GIFT Nifty Suggests Gap-Down Opening for Nifty 50; Rupee Opens At Record Low -
Swing Trading Guide: 3 Trade Calls By VLA Ambala On Tuesday, 16th April -
1:10 Stock Splits Each Soon: One Rs 900 Smallcap, Rs 90 Penny Stock To Watch Out For Ex-Split This Week
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.
"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.
GoodReturns.in
