INDIA: United Breweries mulls rights issue – report
By just-drinks.com editorial team | 21 September 2007
The board of United Breweries is pondering a rights issue, according to reports.
Indian media has claimed today (21 September) that the company, which is 37.5%-controlled by Scottish & Newcastle, will consider the issue at its next board meeting a week today (28 September).
No-one was immediately available for comment at UB when contacted by just-drinks today.
Last month, reports from India claimed that UB is planning to spend in the region of INR12bn (US$291m) on expanding production capacity in the country.
The brewer, which is part of the UB Group, currently has an annual capacity of around 120m cases.
Sectors: Beer & cider
Companies: United Breweries, UB Group
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No doubt about it that according to present success of united breweries, & their higher sales ,they will get the tremendous success, as far as their right issue are concerned. Peoples or investers will be lucky,if they got the opportunity to receive UB group shares. Congratulations to Entire Bord Of Directors Of UB, for well in advance towards the grant ,most fantastic & unbeleivable success, which no body or any bussiness organisation never thought ,during the open a right issue. Hope UB will breack the record of till today in the history of not only distilleries,breweries, even any bussiness either steel or FMCG or Soft drinks or Medicines etc Right issue & its collections are concerned.
Mahendra Nathani
Mahendra Nathani said at 7:56 pm, September 21, 2007
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