Heineken International gets exemption on open offer in UBL case
Synopsis
In June, Heineken International BV made an application to Sebi seeking exemption under the Takeover Code for the proposed acquisition of 3.96 crore equity shares, about14.99% of the total paid-up equity share capital of United Breweries from the recovery officer of the Bengaluru Debts Recovery Tribunal (DRT). The transfer shares owned by the Vijay Mallya group are under custody of the recovery officer of the Bengaluru Debts Recovery Tribunal.
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