Heniken is reportedly planning to hike stake in Indian Joint Venture- United Breweries. Heniken holds 37.57% stake in the company through Scottish New Castle, Heniken UK, while United Breweries’ promoter holds 37.25% stake in the company.
Heniken and UB’s promoters aggregately hold 74.82% and according to SEBI's minimum public shareholding norm, promoters’ stake cannot exceed 75%. Hence, Heniken will hike stake only if promoters opt to liquidate their stake.
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.
