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Heineken acquires 3.21% stake in United Breweries: Report

15 May 2013 Evaluate

Heineken has reportedly acquired 3.21% stake in United Breweries. As on March 31, 2013, promoters holding in the company stood at 74.82% while Institutions and Non-Institutions held 18.46% and 6.72% respectively.

Earlier in April this year, Vijay Mallya-led United Breweries group firm - Kingfisher Beer Europe (KBEL), subsidiary of United Breweries International signed a loan agreement for 1 million pound with Heineken UK along with a brewing pact.

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 1422.15
United Breweries 1253.30
Radico Khaitan 4555.00
India Glycols 310.10
Allied Blenders&Dist 715.20
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