Beer maker United Breweries has earmarked over Rs 300 crore for investments in FY16 and is expected to see consolidation of its operations. With Heineken buying United Spirits’ 3.21 per cent stake in United Breweries for Rs 872 crore and increasing its total stake to 42 per cent, the Dutch company is expected to streamline the company’s operations further.
United Breweries is maker of Kingfisher beer and Heineken beer in India. Kingfisher is largest selling beer in India that commands 29% of market share. The company has presence in 52 countries.
