The world's second-largest beermaker joins companies implementing ad campaigns and corporate policies to promote inoculation
The Ronaldo episode is not likely to be the last, as many more celebrities may now want to make visible statements in support of causes close to their hearts
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
Dutch brewing major Heineken on Wednesday said it has acquired an additional 14.98 per cent stake in United Breweries Ltd, taking its total shareholding to 61.50 per cent. "Heineken N.V. today (on Wednesday) announces that it has acquired an additional 39,644,346 ordinary shares in United Breweries Ltd (UBL) taking its shareholding in UBL from 46.5 per cent to 61.5 per cent," Heineken said in a statement. UBL, with its flagship brand 'Kingfisher', is the leading player in the beer market in India. The move comes a day after markets regulator Sebi had exempted Heineken International B.V. from the obligation of making an open offer following its proposed acquisition of shares in UBL. Sebi had on Tuesday granted waiver following an application from Heineken International seeking exemption from the applicability of SAST Regulations in its proposed acquisition of UBL's equity shares, from the recovery officer of the Bangalore Debt Recovery Tribunal (DRT) under whose custody the transfer
Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows
Regulator allows special exemption as the shares are being acquired as part of an order of Debt Recovery Tribunal to recover dues from Vijay Mallya and his group companies
Fair trade regulator CCI on Monday said it has approved Heineken International B.V's proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of certain court proceedings, a combination notice filed with the Competition Commission of India (CCI) noted. "The proposed transaction relates to HIBV's potential acquisition of additional equity stake in UBL," it said. United Breweries is engaged in the manufacture, sale and distribution of beer in India. Heineken International B.V. (HIBV) is an investment holding company and is itself not engaged in any business activity. It is a direct and an indirect shareholder for all non-Dutch companies that form part of the Heineken Group, as per the notice. In a tweet, the regulator said, "Commission approves proposed acquisition of additional equity stake in United Breweries Limited by Heineken International B.V.
Ronaldo moved Coca-Cola bottles aside as he sat down to speak to the media on the eve of Tuesday's Group F opener against Hungary in Budapest, which Portugal won 3-0
Manchester United's Paul Pogba on Tuesday moved a bottle of non-alcoholic Heineken NV beer out of sight when giving a press conference at the UEFA Euro 2020 tournament, where he's representing France
The world's second-largest brewer after Anheuser-Busch InBev NV outlined additional strategic initiatives under its turnaround program launched last year
While the September quarter could be another washout, there are some positive triggers which could lead to demand improvement
Banks have got court nod to liquidate assets
Parliament began discussing the proposed ban on Monday