United Breweries Q1 results: Co posts net profit at Rs 31 cr

2021-07-29 01:03:32

New Delhi: Beer maker United Breweries Ltd on Wednesday reported a consolidated net profit of Rs 30.94 crore for the quarter ended June. The company had posted a net loss of Rs 114.50 crore during the April-June period of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.

Revenue from operations rose over two-fold to Rs 2,652.63 crore during the quarter under review as against Rs 1,262.82 crore in the corresponding period of

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United Breweries Q1 results: Co posts net profit at Rs 31 cr

2021-07-29 01:03:32

New Delhi: Beer maker United Breweries Ltd on Wednesday reported a consolidated net profit of Rs 30.94 crore for the quarter ended June. The company had posted a net loss of Rs 114.50 crore during the April-June period of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.

Revenue from operations rose over two-fold to Rs 2,652.63 crore during the quarter under review as against Rs 1,262.82 crore in the corresponding period of

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Vijay Mallya’s last nominee on UBL board to step down

2021-07-13 00:08:54

Ravi Nedungadi, the only remaining nominee of Vijay Mallya on the board of , will step down at the company’s annual general meeting on July 29.

Majority shareholder Heineken has named Berend Odink as director and the chief financial officer of United Breweries to replace Nedungadi, who has been on the board since 2002.

However, even with a 61.5% stake or 75% shareholder approval, the maker of the Kingfisher beer cannot appoint its own chairman unless it

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Heineken becomes UBL’s largest shareholder, buys 39.6 million shares in huge block deal

2021-06-23 14:20:47

Heineken NV, the world’s second largest beer maker, has taken control of India’s largest brewer United Breweries Limited (UBL), cementing its position in a vast market where beer consumption could grow from a low base. The Dutch brewer said on Wednesday it had it had bought 39.6 million shares in UBL to push its holding to 61.5% from 46.5% before. Based on Tuesday’s close at 1,466 Indian rupees, the acquisition would be worth 58.1 billion Indian rupees ($781.3

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Heineken takes control of India’s United Breweries

2021-06-23 13:16:53

The world’s second largest beer maker Heineken NV has taken control of India‘s largest brewer Limited (UBL), cementing its position in a vast market where beer consumption could grow from a low base.

Dutch brewer Heineken NV on Wednesday said it had bought 39.6 million shares in UBL to push its holding to 61.5% from 46.5% before. Based on Tuesday’s close at 1,466 Indian rupees, the acquisition would be worth 58.1 billion Indian rupees ($781.3

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Sebi exempts Heineken International from open offer obligation in UBL case

2021-06-22 23:07:58

NEW DELHI: Markets regulator Sebi on Tuesday exempted Heineken International B V from the obligation of making an open offer following its proposed acquisition of shares in (UBL).

The order came after Sebi received an application from Heineken International seeking exemption from the applicability of SAST (Substantial Acquisition of Shares and Takeovers) Regulations in the matter of its proposed acquisition of certain equity shares of UBL from the recovery officer of the Bangalore Debt Recovery Tribunal

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CCI approves Heineken’s additional equity stake acquisition in United Breweries

2021-06-21 20:00:47

NEW DELHI: Fair trade regulator CCI on Monday said it has approved Heineken International B.V’s proposed acquisition of an additional equity stake in (UBL).

This, however, is subject to the outcome of certain court proceedings, a combination notice filed with the Competition Commission of India (CCI) noted.

“The proposed transaction relates to HIBV’s potential acquisition of additional equity stake in UBL,” it said.

United Breweries is engaged in the manufacture, sale and distribution of beer in

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F&O: As bulls develop fatigue, fear gauge VIX too sees a spike

2021-06-04 16:59:23

Nifty opened positive above 15,700 level and touched yet another lifetime high of 15,733 in the first half of Friday’s session. However, the second half of the day saw the market put up a muted performance and the index settled with a loss of around 20 points. It formed a small bearish candle on the daily chart and a bullish candle with higher highs on the weekly scale.

The index continued to form higher highs and lows for

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Day trading guide: 2 stock recommendations for Wednesday

2021-05-25 17:13:45

YES Securities


The Indian benchmark index Nifty50 ended a volatile session of trade just about in the green with a mere gain of 10 points as 15,300 acted as a hurdle throughout the session. Significant open interest build up is also seen in the Call side ahead of the May expiry session on Thursday. Further, on the downside, immediate supports are placed between 15,150 and 15,100 levels and failure to hold on to these key support levels may
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Day trading guide: 2 stock recommendations for Tuesday

2021-05-24 16:34:16

YES Securities


Post Friday’s swift up move, the Nifty turned choppy in today’s trade. Nifty opened on a positive note above the 15,200-mark. However, it failed to sustain above the 15,250 zone. Eventually forming an indecisive candle, Nifty ended below the 15,200 mark. The Nifty breadth turned flat with half of Nifty constituents settling in the red. Going back in history, during Feb-March 2021, the Nifty failed to sustain above the 15,250 zone on multiple occasions. Hence, the
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