BackHeineken buys 0.25 million United Breweries shares
United Breweries shares were purchased from Yes Bank at an average price of `726 valuing transaction at `18.15 crore
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Mumbai: United Breweries’ largest shareholder Heineken NV has further consolidated its holdings in the Vijay Mallya-led firm by picking up 0.25 million shares for a little over ₹ 18 crore through open market route on Thursday.
According to the information available with bourses, Heineken International acquired 0.25 million shares, amounting to 0.9% stake, of United Breweries.
The shares were purchased from Yes Bank at an average price of ₹ 726 valuing the transaction at ₹ 18.15 crore, as per the data.
Currently, Heineken is the largest shareholder of United Breweries with 38.76% stake at the end of June quarter.
For the quarter ended 30 June 2014, United Breweries posted a net profit of ₹ 128.84 crore as compared to ₹ 120.96 crore in the same period last fiscal.
The company’s total income increased to ₹ 1,456.94 crore for the June quarter from ₹ 1,361.56 crore in the year-ago period. Shares of United Breweries on Thursday closed at ₹ 737.30 apiece on the BSE, up 0.40% from previous close.
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