SBI Mutual Fund Acquires United Breweries Shares
In a significant financial move, SBI Mutual Fund has recently acquired a substantial number of shares from United Breweries Ltd (UBL) through an open market transaction. According to reliable sources, the block deal data from NSE reveals that SBI Mutual Fund successfully procured 46,28,452 shares of UBL.
This strategic acquisition took place at an average price of Rs. 1,465.80 per share, making the overall transaction worth a staggering Rs. 678.43 crore. Remarkably, the State Bank of India (SBI) was the seller of these shares, and the deal was executed at the same price as the purchase.
As a result of this development, UBL experienced a 1.31 percent rise in its share value, closing at Rs. 1,500 per share on the NSE. It’s worth noting that as of the June quarter, the majority stake in United Breweries Ltd is held by the renowned Dutch brewing major, Heineken.
About SBI Mutual Fund:
SBI Mutual Fund, established in 1987, is an Asset Management Company founded in partnership between State Bank of India, a prominent Indian public sector bank, and Amundi, a leading European asset management company. The corporate head office of SBIFM is situated in Mumbai, India.
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