E-Malt.com News article: India: United Breweries stock surges on news Heineken may hike its stake in the company

United Breweries shares surged 9 pct to a 14-month high on January 7 on news channel CNBC TV 18 saying Heineken was likely to hike stake in the company, Reuters reported.

Heineken currently owns 39.01 pct in the company, as per BSE data.

Vijay Mallya group companies own 35.81 pct in United Breweries, and about half of this stake is pledged, according to Reuters calculations.

Heineken and United Breweries were not immediately reachable for comment.


07 January, 2015