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Heineken buys Mallya's 15% stake to take control of United Breweries

World's second-largest beer company pays Rs 5,825 cr to lenders for Mallya's share; stake consolidation, demand recovery positive for beer leader

Topics
Heineken | United Breweries

Ram Prasad Sahu & Dev Chatterjee  |  Mumbai 



Bottles of Heineken beer are displayed before a news conference in London. Photo: Reuters
Bottles of Heineken beer are displayed before a news conference in London. Photo: Reuters

Heineken, the second largest beer company in the world, increased its stake in (UBL) to 61.5 per cent on Wednesday. The Dutch parent of UBL, which had 45 per cent stake prior to today’s transaction, bought the 14.99 per cent stake worth about Rs 5,825 crore held by the Debt Recovery Tribunal.

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First Published: Wed, June 23 2021. 20:07 IST

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