Report says that Mumbai-based JM, which helped Diageo buy out United Spirits in 2013, is advising Heineken.
Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries, according to reports.
Report says that Mumbai-based JM, which helped Diageo buy out United Spirits in 2013, is advising Heineken.
Report says that Mumbai-based JM, which helped Diageo buy out United Spirits in 2013, is advising Heineken.
The Dutch brewer is the single-largest shareholder in United Breweries, maker of Kingfisher beer, with a 42.38% stake.
United Breweries Ltd ended at Rs. 790.45, down by Rs. 4.3 or 0.54% from its previous closing of Rs. 794.75 on the BSE.
The scrip opened at Rs. 803 and touched a high and low of Rs. 805 and Rs. 784.3 respectively. A total of 171810(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20899.5 crore.
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 1225 on 17-Apr-2015 and a 52 week low of Rs. 756 on 16-Feb-2016. Last one week high and low of the scrip stood at Rs. 814.9 and Rs. 776 respectively.
The promoters holding in the company stood at 74.68 % while Institutions and Non-Institutions held 20.04 % and 5.29 % respectively.
The stock traded above its 200 DMA.
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