Page 6 - United Breweries

CCI imposes Rs 750-cr penalty on United Breweries in beer price fixing case

CCI passed final order against UBL, SABMiller India and Carlsberg for indulging in cartelisation in the sale and supply of beer in various states, including through the platform of AIBA

United Breweries Q1 net profit at Rs 31 cr; revenue rises over two-fold

Beer maker United Breweries Ltd on Wednesday reported a consolidated net profit of Rs 30.94 crore for the quarter ended June

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

Heineken acquires 14.98% more stake in UBL; shareholding now at 61.5%

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

Heineken takes control of India's United Breweries cementing its position

Heineken is the world's second largest beer maker

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