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Heineken takes 3.2% stake in United Breweries

Heineken UK Ltd had been allotted the stake formerly held by Scottish & Newcastle India Private Ltd

Reuters Mumbai

Heineken NV's UK unit has acquired a 3.21% stake in India's United Breweries Ltd , the Indian alcohol company said on Wednesday, sending its shares up by more than 6% .

United Breweries, controlled by liquor baron Vijay Mallya, said in a stock exchange filing that Heineken UK Ltd had been allotted the stake formerly held by Scottish & Newcastle India Private Ltd, controlled by Heineken.

 

 

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First Published: May 15 2013 | 11:29 AM IST

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