You are here: Home » Markets » News
Business Standard

United Breweries gains 6% to Rs 1,428 after block deals

Around 7.41 million shares, representing 2.8 per cent of total equity of United Breweries, changed hands via block deals at a price of Rs 1,381.60

SI Reporter  |  Mumbai 

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

shares were up 6 per cent to Rs 1,428 on the on Wednesday after nearly 3 per cent of its total equity changed hands on the counter through block deals in early morning trade.

At 09:15 am, around 7.41 million shares, representing 2.8 per cent of total equity of United Breweries, changed hands via block deals at a price of Rs 1,381.60, data shows.

The name of the buyers and sellers were not ascertained immediately.

On March 11, 2019, had informed the stock exchanges that "based on the transaction reports of trading in equity shares of the company received from the Depositories for the week ended 08.03.2019, we have noticed that the “Recovery Officer-I, DRT-II, Bengaluru” has transferred 7.4 million equity shares comprising 2.80 per cent of the total issued and paid up equity share capital of the Company in its name from the demat account of (Holdings) which is under liquidation".

According to TV channel reports, Heineken, the promoter of United Breweries raised its stake in the company.

The liquor company's stock had touched a three-month low of Rs 1,293 on Tuesday. It recovered more than 4 per cent from intra-day low and finally settled at Rs 1,348 on the

At 10:13 am, the stock erased its early morning gains and was trading 3 per cent higher at Rs 1,391, as compared to 0.42 per cent rise in the S&P BSE

First Published: Wed, March 27 2019. 10:15 IST
RECOMMENDED FOR YOU