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United Spirits to sell 85 lakh shares held in United Breweries to Heineken International B.V.

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Capital Market
Last Updated : Jul 07 2015 | 2:47 PM IST

For Rs 872 crore

United Spirits announced that the Company has placed an order for sale by way of a block trade on National Stock Exchange of 85 lakh equity shares held by the Company in United Breweries (constituting 3.21% of the paid up share capital of United Breweries) to Heineken International B.V. at a price of Rs 1030 per share for a consideration of Rs 872 crore.

Following the completion of sale, the Company will hold no shares in United Breweries and will cease to be a promoter of United Breweries.

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First Published: Jul 07 2015 | 1:53 PM IST

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