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About 1 results for "vijay mallyarsquo"

United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

United Spirits sells UB shares worth Rs 872 cr to Heineken, lo...

Vijay Mallya slowly losing control of the beer firm The Diageo-owned United Spirits Ltd on Tuesday sold 3.21 per cent stake in United Breweries Ltd, India’s largest beer company, for Rs 872 crore (Rs 8.72 billion) to Heineken International BV, the co-promoter of the beer company. With this, Heineken’s stake has risen from 39 per cent to 42.2 per cent, while the UB group’s stake will stand at 32.6 per cent. In a statement, USL said it sold 8.5 million shares at Rs 1,030 a share ..., 1 month ago
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