Follow Us:
Sunday, July 03, 2022

Platinum sells 10L United Breweries shares

The shares were sold on an average price of Rs 131.95 valuing the deal to Rs 13.15 crore.

Written by Agencies | Mumbai |
October 12, 2012 2:14:40 am

Australia-based fund manager Platinum Investment Management Ltd today offloaded around 10 lakh shares of Vijay Mallya Group firm United Breweries Holding Ltd (UBHL) for Rs 13 crore.

According to bulk data available on stock exchanges,Platinum Investment Management Ltd,one of the shareholders of UBHL,sold 9.96 lakh shares of the company.

The shares were sold on an average price of Rs 131.95 valuing the deal to Rs 13.15 crore.

UBHL is the holding company of the UB Group.

Subscriber Only Stories
Skin Allergies In Children – What parents need to know?Premium
What makes KuCoin P2P Trading Platform a Good Choice To Buy Crypto?Premium
Airtel Demonstrates Immersive Video Entertainment On 5G; Recreates Kapil ...Premium
Is It A Good Idea To Keep One Account For All Your Financial Transactions?Premium

Earlier this week,Platinum Investment Management had pared its stake in UBHL with the sale of 3.27 per cent holding in the company that lowered Australia-based fund manager stake to 5.87 per cent.

Prior to these share sell,Australia-based fund manager held 9.14 per cent stake in UB Group firm United Breweries Holding.

Platinum Investment Management held 72.13 lakh shares or 10.80 per cent stake in UBHL at the end of June quarter.

Shares of UBHL today rose by 2.5 per cent to settle at Rs 136 apiece on the BSE.

Hot Offer Putin claims victory in Mariupol, leaving Ukrainian defenders holed up Subscribe Now

📣 Join our Telegram channel ( The Indian Express ) for the latest news and updates

For all the latest News Archive News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard

Featured Stories

Latest Comment
Post Comment
Read Comments
Advertisement
X