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United Breweries surges after block deal

The stock moved higher by nearly 8% to Rs 885 on the BSE after a nearly 1% of the total equity of the company changed hands via block deal.

United Breweries, UB, Heineken, Kingfisher

SI Reporter Mumbai
United Breweries has moved higher by nearly 8% to Rs 885 on the BSE after nearly 1% of the total equity of the company changed hands via a block deal today.

At 09:17 am, around 1.86 million equity shares representing 0.70% of total equity changed hands at a price of Rs 837.35 per share, the BSE data shows.

The name of buyers and sellers are not ascertained immediately.

Devi Investments Private Limited, a promoter group company, held 1.86 million shares or 0.70% stake in United Breweries as on June 30, 2016, the shareholding pattern data shows.

Dutch beer maker Heineken increases its stake in United Breweries by buying shares in the open market in past, the bulk deal data shows. LINK

At 09:48 am, the stock was up 7.3% at Rs 881 on the BSE, as compared to 1% rise in the S&P BSE Sensex. A combined 2.26 million shares changed hands on the counter on the BSE and NSE so far.
 

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First Published: Sep 16 2016 | 9:51 AM IST

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