Page 6 - United Breweries

Tribunal sold UB shares worth Rs 5,800 cr in Mallya bank fraud case: ED

The DRT has sold shares worth over Rs 5,800 crore of United Breweries that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against Vijay Mallya

United Breweries reverses gains, slips 6% post huge block deals

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

Trading ideas by HDFC Securities: Buy Indian Hotels, United Breweries

The stock price of Indian Hotels has broken out from its three-week-long consolidation

CCI approves Heineken's additional stake acquisition in United Breweries

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.

United Breweries rallies 6 per cent on heavy volumes, hits 52-week high

The company said although the trajectory of Covid is unknown, confidence is derived from the trends after the first Covid wave, whereby consumer behavior towards beer consumption remained intact

CCI gives approval to Heineken extra stake buy in United Breweries

UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev

ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account

Liquor firm United Breweries on Monday said ED has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over Rs 5,600 crore to the Demat account of recovery officer of the DRT

United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks

In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022

United Breweries Q3 consolidated net profit up 19% to Rs 127 cr

Beer maker United Breweries on Thursday reported an 18.87 per cent increase in consolidated net profit to Rs 127.19 crore for the third quarter ended December 2020.

Lower taxes, opening of channels to aid volume recovery at United Breweries

Falling input prices, cost cuts to improve margins

Carlsberg, SABMiller, UB colluded to fix beer prices in India: CCI report

Top executives of Carlsberg, SABMiller and India's United Breweries exchanged commercially sensitive information and colluded to fix beer prices in India for 11 years, according to an antitrust report

More cheer for United Spirits as hard liquor sales outperform beer in Q2

Higher in-home consumption and premiumisation to benefit the Diageo-owned company

Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

Traders should not to trade aggressively now and rather continue with a stock-centric approach

SC rejects Vijay Mallya UBHL's plea against HC order to wind up firm

The Supreme Court dismissed a plea filed by United Breweries Holdings Limited of Vijay Mallya against an order of the Karnataka upholding the winding up of the firm

SC junks UBHL plea against Karnataka HC order to wind up Mallya's firm

SC dismissed a plea filed by Mallya's United Breweries Holdings Limited to challenge a Karnataka High Court order to uphold the winding up of the company for recovery of dues payable by Kingfisher

Volume gains ahead for United Breweries, but investors should be cautious

While the September quarter could be another washout, there are some positive triggers which could lead to demand improvement

Liquor stocks extend gains; Globus Spirits, United Breweries up over 5%

Globus Spirits was locked in 5 per cent upper circuit for the second straight day

Beer market may see acquisitions, entry of new players despite Covid: UBL

Besides, UBL, a market leader in the segment, also expects the export of beer to grow with support from the government

SC to examine if assets can be considered for liquidation to settle dues

UBHL has challenged the March 6 order of the Karnataka High Court upholding the decision of a single judge to wind up the company

UBL: Despite subdued Q1, growth prospects over medium term look positive

Supportive demographics and low beer penetration indicates strong growth opportunity for the beer market leader