MoneyWorks4Me

United Breweries reply to clarification sought by the exchange

16 Sep 2015 Evaluate

The Exchange had sought clarification from United Breweries with respect to news article appearing on CNBC TV 18 on September 15, 2015 titled ‘SFIO To Probe Alleged Financial Irregularities From 2005 To 2014, SFIO To Probe Flow Of Funds Between KFA, United Breweries & United Spirits, SFIO To Probe Mismanagement Of Funds Running Into Over Rs 8,000 Cr, SFIO Launches Investigation Against Kingfisher Airlines’. United Breweries replied stating that they would like to inform that United Breweries (UBL) has not received any kind of notice from SFIO nor is aware of any development in this regard. In so far as UBL is concerned they deny the report as baseless and no such event has occurred in the case of UBL. They reiterate commitment to inform of any event/information that may have a bearing on the operation / performance of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
United Spirits 1422.15
United Breweries 1253.30
Radico Khaitan 4555.00
India Glycols 310.10
Allied Blenders&Dist 715.20
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