HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

ED transfers UBL shares worth over INR 5,600 cr to recovery officer's demat account

Tuesday, June 8, 2021, 10:48 Hrs  [IST]

Liquor firm United Breweries on Monday said the Enforcement Directorate has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over INR 5,600 crore to the Demat account of recovery officer of the Debt Recovery Tribunal (DRT). 

 "The Deputy Director, Directorate of Enforcement (ED), Mumbai has transferred 4,13,15,690 equity shares constituting 15.63 per cent of the equity share capital of the company (out of 4,27,04,758 equity shares constituting 16.15 per cent) to the Demat account of Recovery Officer I DRT-II. Earlier these equity shares were held by certain of our promoter group companies," United Breweries Ltd (UBL) said in a regulatory filing. 

 In March 2019, United Breweries informed the stock exchanges that the Debt Recovery Tribunal in Bengaluru had transferred a 2.80 per cent stake worth over INR 1,025 crore held by Mallya-promoted United Breweries (Holdings) Ltd in the company in its name. Dutch beer maker Heineken owns a 46.69 per cent stake in United Breweries. Based on the current trading price of United Breweries at INR 1,359.10 per share on BSE, 4,13,15,690 equity shares of the company are worth INR 5,615 crore. As of March 31, 2021, Mallya held an 8.08 per cent stake in United Breweries, according to the shareholding pattern of the company.

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Welspun Corp Limited bags its single largest order worth INR 5000+ crore from The United States of America
»  QSR Chain 99 Pancakes Raises INR 6.5 cr To Fuel Expansion
»  Indian Tourism & Hospitality performance report 2021 by Noesis says domestic travel is driving the recovery
»  RateGain Industry Report Suggests Strong Momentum in Global Travel Recovery
»  ECLGS extended to March'23, with an expanded cover of INR 5lk cr, with all the extended guarantee cover marked exclusively for hospitality & allied se
»  Shubh Vivaah by Sayaji campaign generates leads for weddings worth over 4.5 cr revenue opportunities
»  Hospitality Industry Awaits Govt. To Notify Rs.60,000 Cr Loan Guarantee Scheme; FHRAI Requests FM’s Urgent Intervention
»  Charcoal Concepts invests 150 Cr in the rising QSR sector in India
»  Hotels see green shoots of recovery as the fear of the pandemic recedes
»  Beam Suntory First-Half Sales Rise 12% on Strong Demand for Premium Brands and On-Premise Recovery
»  Government focused on sectoral strategies and measures for the recovery of the Tourism & Hospitality sector: Arvind Singh, Secretary, Tourism
»  Orion, makers of the Original Choco-Pie invest INR 200 cr in India, sets up a manufacturing plant to make in India
»  Q1FY22: Covid-19 second wave impacts recovery in ITC's hotel biz
»  “Exhibitions and Corporate Meetings are likely to record a faster recovery”
»  Mythbusters: Recovery Edition – Part I
»  ‘The recovery for hotels will be based around - efficiency, automation, & technology’
»  Hyatt Regency closure: Hotel management blames Yes Bank for blocking account, Holding back funds
»  ED transfers UBL shares worth over INR 5,600 cr to recovery officer's demat account
»  Sterling Holiday reports revenue of INR 97 cr. for Q4 2021
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd