United Breweries is the manufacturer of Kingfisher, India’s top-selling lager.
The move comes a day after Sebi exempted Heineken from the obligation of making an open offer following its proposed acquisition of shares in UBL
According to ED, Vijay Mallya, Nirav Modi have defrauded PSBs by siphoning off the funds which resulted in total loss of Rs 22,585.83 crore to banks
As per the application, Heineken is presently evaluating the acquisition of a maximum of 3,96,44,346 equity shares, amounting to 14.99%, of UBL
This, however, is subject to the outcome of certain court proceedings, a combination notice filed with the Competition Commission of India (CCI) noted
United Breweries Ltd is quoting at Rs 1230.8, up 1.06% on the day as on 12:49 IST on the NSE. The stock is up 53.37% in last one year as compared to a