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United Breweries gets nod for scheme of amalgamation

20 Apr 2013 Evaluate

United Breweries has received an approval from High Court of Karnataka for scheme of amalgamation between Scottish & Newcastle India and with itself. The certified true copy of the Court Order has been filed with the Registrar of Companies, Karnataka and the Scheme has become effective.

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.

Peers
Company Name CMP
United Spirits 1415.00
United Breweries 1189.80
Radico Khaitan 4520.00
India Glycols 294.70
Allied Blenders&Dist 707.30
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