Route One Fund I LP has purchased 84,603 shares of UB group company McDowell Holdings in an open market transaction. The shares were brought at an average price of Rs 84.98 a piece aggregating the deal size to Rs 71.89 lakh. The shares were purchased on National Stock Exchange (NSE) on December 14, 2012. Route One Fund had earlier acquired about 2.90 lakh shares in McDowell Holdings through open market transactions in month of October.
McDowell Holdings was incorporated to establish and carry on business of liquors, beverages, alcohols, wines, other products, e.g. brandy, whisky, gin, rum, beer or their derivatives. Also to carry on all or any of the business of malt factors, general and wine and spirits merchants, either as exporters or importers and distilleries, commission agents, warehousemen, bottlers, bottle makers, bottle stopper makers, potter, manufacturers of and dealers in aerated and mineral waters and other drinks, licensed victualers, beer house keepers, yeast dealers.
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