Heineken International BV, the maker of Heineken beer, has increased its stake in United Breweries as it bought shares worth Rs.39.48 crore in the company through an open market transaction. The shares were reportedly purchased from Yes Bank at an average price of Rs 951.50 per share.
As on September 30, Heineken held 42.07% stake in UBL through three companies viz. Heineken International BV, Heineken UK and Scottish & Newscastle India, while Scottish & Newscastle India held 34.04%, Heineken International BV held 4.82% and Heineken UK held 3.21% stake in the firm.
United Breweries is maker of Kingfisher beer and Heineken beer in India. Its flagship brand 'Kingfisher' is currently available in 52 countries and leads the way amongst Indian beers in the International market.
