Tuesday, 31 December 2013

Vijay Mallya buys additional stake in UB Holdings

UB Group Chairman Vijay Mallya has bought additional 0.15% stake in United Breweries Holdings (UB Holdings), the principal holding company of the UB Group, for about Rs 26 lakh. Following the acquisition, stake of Mallya and his various affiliated companies stood at 51.10% in the company.

The shares were purchased by Pharma Trading Company, a Kolkata-based company, in which Mallya is one of the directors. The company now owns a 0.78% stake in UB Holdings.

AS on September 31, 2013, the promoters holding in the company stood at 50.96%, while institutions and non-institutions held 7.36% and 41.67% stake in the company, respectively.

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