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company profile
Kingfisher (beer)
Gautam Kumar
September 16, 2020 09:09:25 PM
5 minutes
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Kingfisher (beer)
During
the
years
2009
through
2015,
United
Spirits
(USL)
/
Diageo
exited
all
non-core
investments
in
United
Breweries
and
sold
850,000
INR
shares
to
Heineken,
which
will
now
give
it
leverage
to
managing
affairs
of
India's
largest
beer
producer.
USL
sold
3.21%
shares
for
Rs
872
crore
in
a
block
trade.
The
shares
were
sold
at
Rs
1,030
apiece,
a
slight
premium
to
Tuesday's
closing
price
of
Rs
1,014.10.
As
of
July
2015,
Heineken's
stake
in
United
Breweries
(UB)
has
increased
from
39%
to
42.1%.
This
deal
will
give
Heineken
an
upper
hand
over
Vijay
Mallya
in
running
the
company.
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