United Breweries gains on talk of Heineken raising stake
At 10:43 AM, the stock was up 2% at Rs 849 after rallying nearly 7% to Rs 888 on the BSE in early morning trades.
 "United Breweries gains on talk of Heineken raising stake")
Shares of United Breweries have rallied nearly 7% to Rs 888 on the BSE in early morning trades on media reports that Heineken NV, the world's third-largest brewer, is seeking to raise its stake in the company.
The Dutch brewer, the single largest shareholder in United Breweries with a 42.07%, plans to take that holding beyond 50% by buying shares from liquor baron Vijay Mallya and his group firms, the Reuters report suggests quoting unnamed sources.CLICK HERE TO READ FULL REPORT.
The BSE said that the exchange has sought clarification from United Breweries with reference to the news article in Financial Chronicle (August 25, 2015) captioned "Heineken likely to raise stake in United Breweries"
The reply is awaited.
At 10:43 AM, the stock was up 2% at Rs 849 on the BSE. A combined 105,169 shares changed hands on the counter on the BSE and NSE.
The Dutch brewer, the single largest shareholder in United Breweries with a 42.07%, plans to take that holding beyond 50% by buying shares from liquor baron Vijay Mallya and his group firms, the Reuters report suggests quoting unnamed sources.CLICK HERE TO READ FULL REPORT.
The BSE said that the exchange has sought clarification from United Breweries with reference to the news article in Financial Chronicle (August 25, 2015) captioned "Heineken likely to raise stake in United Breweries"
The reply is awaited.
At 10:43 AM, the stock was up 2% at Rs 849 on the BSE. A combined 105,169 shares changed hands on the counter on the BSE and NSE.