United Breweries share price has hiked around 6% intraday on 24th December a Heineken is going to conceive an offer to increase stakes in the company. Heineken is going to launch a voluntary offer for a 10-15% stake in the company.

Heineken is already the biggest shareholder with around 47% stakes in the company – United Breweries & will look further to achieve board representation post by buying the 10% stake. Vijay Mallya & other promoter entities are holding 11% collectively.

At 03:59 PM, the share price was quoting INR 1,299.40 INR up 59.15 INR or up 4.77%.

Image credit: http://unitedbreweries.com