United Spirits to sell 85 lakh shares held in United Breweries to Heineken International B.V.

For Rs 872 crore

United Spirits announced that the Company has placed an order for sale by way of a block trade on National Stock Exchange of 85 lakh equity shares held by the Company in United Breweries (constituting 3.21% of the paid up share capital of United Breweries) to Heineken International B.V. at a price of Rs 1030 per share for a consideration of Rs 872 crore.

Following the completion of sale, the Company will hold no shares in United Breweries and will cease to be a promoter of United Breweries.

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